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News  ›  The Motley Fool

Is Micron Technology a Good Value in this Economy?

The Motley Fool Logo The Motley Fool By James Hires
Is Micron Technology a Good Value in this Economy?

Micron Technology is presented as an undervalued AI hardware play, specifically in computer memory chips. Despite the S&P 500 trading at historically high valuations (P/E of 30), Micron offers attractive value with a trailing P/E of 22.8, 57% revenue growth, and 167% EPS growth. The company is positioned to benefit from AI-driven memory shortages, with the memory chip market growing 88% in 2024. Micron has outperformed the broader market by over 200% in the past year.

Insights
FLYD   neutral

Proposed a modular approach to AI agents, focusing on specialized, discrete task performance


MU   positive

Company is highlighted as undervalued with strong fundamentals: low P/E ratio (22.8) relative to peers and S&P 500, exceptional revenue growth (57%), significant EPS growth (167%), healthy gross margins (57%), and positioned to capitalize on AI-driven memory shortage. Stock has outperformed market significantly (+200% YoY).