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MU - Micron's Earnings Highlight Its Overvalued Nature
Micron Technology Inc.
2024-07-01 08:54:52 ET
Summary
Micron is a top memory company with a market cap of over $150 billion, benefiting from AI demand but lacking earnings to justify its current valuation.
The company expects strong demand from the AI market, but faces challenges with high capex requirements and potential overvaluation.
Micron's financial performance shows growth in AI segments, but struggles to justify high valuation and future shareholder returns.