2024-05-20 08:26:41 ET
Summary
- Micron's flagship chip for AI servers is already sold out for the next year, indicating strong demand and technological edge in the AI revolution.
- The company's diverse segments and products help address revenue concentration risks and demonstrate impressive growth momentum.
- Micron's expansion into the SSD market and its position to capture AI tailwinds make it an attractive investment with a low valuation.
- I believe such an AI powerhouse should trade at a premium to its fair value. However, MU stock currently trades at a double-digit discount.
Introduction
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Micron: Quiet AI Powerhouse