MU

NASDAQ · As of 4:00 PM ET 11/06/26

Micron Technology, Inc. is expanding U.S. DRAM manufacturing, leveraging customer willingness to pay a premium for American-made memory. Federal and state incentives, including tax credits and CHIPS Act grants, significantly offset higher U.S. production costs, narrowing the cost gap with Asia. MU's U.S. manufacturing does not require a rerating, as government support and customer premiums render the economics broadly attractive without relative losses.

Valuation purists see a ridiculously inexpensive stock, but some semiconductor investors say Micron's earnings power won't hold up.

Micron is now rated a Strong Buy at ~$688, as the recent sell-off is seen as exaggerated and presents a compelling entry point. MU trades at a forward P/E of ~3.72, with ~$134 billion in binding customer commitments and significant buyback capacity set to unlock soon. AI-driven memory demand and Micron's oligopoly position in high-bandwidth memory underpin long-term structural value, despite cyclical and political uncertainties.

The artificial intelligence (AI) build-out is far from over. There just aren't enough memory chips to meet demand.

Amid the sharp correction in AI stocks, investors question what to do next.

Inflation, politics and AI concerns are all posing big challenges to investors right now, but Andrew Rocco believes the market will push past these hurdles in the coming months. Learn why the recent selloffs could be setting up the next leg higher.

Micron stock is bouncing back on Friday after falling 17.5% on Thursday, when investors worried that Democratic midterm wins could curb data center construction. Micron's latest quarter brought sales of $54.23 billion, up from $11.32 billion a year earlier, and guidance of $61.5 billion that topped the $57 billion Wall Street expected.

When a hedge fund cuts its stock pickers on the same day AI chip shares crater, it's tempting to read a verdict on the businesses.

Micron Technology shares MU are recovering after Thursday's sharp technology selloff, but questions remain over whether the memory-chip maker's low valuation reflects an investment opportunity or the risk of a downturn in AI-related demand. The stock gained 5.8% on Friday after plunging 17% in the previous session.