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home / news releases / PSTG - Micron Technology Is An Undervalued Bet On Digital

PSTG - Micron Technology Is An Undervalued Bet On Digital

Pure Storage Inc. Class A
  • The share of Memory and Storage has increased from 20% of the semiconductor market in CY15 to 30% in CY21.
  • Supply discipline will lead to slowing of Moore's law, which augurs well for this industry.
  • Micron is uniquely placed to gain from data center expansion, cloud adoption, move to 5G, AI growth, EVs, and the transition from HDD to SSD.
  • After factoring in cyclicity risks, we find that the MU stock undervalued by over 20%.

For further details see:

Micron Technology Is An Undervalued Bet On Digital
Stock Information
Company Name: Pure Storage Inc. Class A
Stock Symbol: PSTG
Market: NYSE
Website: purestorage.com
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