I'm curious about the level of threat HBF poses to $Micron Technology(MU)$ and HBM. From my analysis, it can handle tasks that don't require HBM's speed but cannot replace it. However, will this start to erode as the technology advances?
The forward multiple for $Micron Technology(MU)$ is around 9x, indicating investors pay approximately $9 for each $1 of expected earnings. The average forward P/E for SPX generally ranges between 15x and 20x. Thus $Micron Technology(MU)$ remains undervalued.
$Micron Technology(MU)$ If you're not confident yet, read this: Nvidia CEO Jensen Huang described the memory storage chip market as an "unserved market" with massive growth potential.
$Micron Technology(MU)$ What other stock has a forward PE of 8.94 and margins of 45%, in the top growth industry as the unique supplier for AI support, memory storage? It'll be a miracle stock proven by fact-tested values—no one else delivers.
The highest quarterly earnings per share in the company's history was recorded at $4.66 previously. Current quarterly projections in the $8-10 range place $Micron Technology(MU)$ in uncharted territory. The forecasted annual earnings per share of $31 would triple the company's historical peak. Projections of incremental growth reaching the mid-30s in subsequent years signify a fundamental shift from a cyclical chip supplier to a central player in the AI revolution.
All I want is more $Micron Technology(MU)$ stock! With the potential for $40 per share earnings, the price has nowhere to go but up. 40 times 15 equals 600, and 40 times 20 equals 800. $Micron Technology(MU)$ should have a solid run! Better watch out, better not cry, better not pout—$Micron Technology(MU)$ stock is soaring high. Checking that shareholder list twice, holding out for a top price, $Micron Technology(MU)$ stock is soaring high!
Earnings per share projections indicate over $30('26) and above $35('27). $NVIDIA(NVDA)$ , $Advanced Micro Devices(AMD)$ , $Broadcom(AVGO)$ all remain below $10. Eventually earnings will transcend conventional cyclical narratives. Contemplated partial profit-taking, yet struggle to identify more compelling alternatives than $Micron Technology(MU)$ in the near term. Open to suggestions.