Why I Am Still Bullish on Micron

Micron Technology (NASDAQ: MU) is being upgraded to a Strong Buy by the author, who believes the company’s future growth is firmly tied to booming artificial intelligence (AI) demand for advanced memory chips. The key thrust of the bullish case centers on Micron’s High-Bandwidth Memory (HBM) — specifically its HBM3E and future HBM4 products — which are already fully contracted through 2026. This guarantees pricing power, long-term visibility, and multi‑year revenue stability in one of the fastest‑growing segments of the semiconductor industry. Despite this robust growth outlook, Micron’s valuation remains heavily discounted compared with peers — for example, trading at a forward price‑to‑earnings ratio of roughly 9.8x versus the sector median of ~25x, and with a 46% EV/EBITDA discount. According to the article, this valuation gap presents a compelling entry point for investors. The primary risk highlighted is the inherent volatility of the memory cycle, which can swing dramatically with supply and demand shifts. However, the current undersupply of memory, strong AI momentum, and Micron’s product positioning are weighed as outweighing that risk over the medium term. #MicronBullish #AIEnabledGrowth #MemoryChipDemand #StrongBuy #SlimScan #GrowthStocks #CANSLIM