2024-03-07 17:00:03 ET
Summary
- Micron Technology, Inc.'s efficient memory used in Nvidia GPUs has led to a 70% return in the past year, but the company is overvalued.
- Micron has a clear market in artificial intelligence with its HBM3E memory used in GPUs, but it has weak market positioning.
- Micron's core end markets are struggling, and its financial performance shows tough market conditions with low revenue growth and negative cash flow.
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Micron: Please Don't Pay This Much For A Commodity Stock