Micron: Nothing Is Over Yet

Micron: Nothing Is Over Yet

Micron Technology, Inc. remains a Buy as consolidation offers a compelling entry point with improved valuation and robust medium-term earnings visibility. Bearish concerns around AI memory demand compression and Chinese competition appear overstated; MU's technological lead and regulatory barriers support market share. Executive realignment and U.S. manufacturing expansion position MU to dominate domestic DRAM supply, especially amid supply chain risks and secure supply mandates. Assuming moderate multiple compression and continued earnings beats, MU could deliver over 120% upside, with Q4 earnings as the next key catalyst.

Investment Rating Update – “Buy”

My previous piece on Micron Technology, Inc. ( MU ) came out in the middle of June 2026 with a Buy rating, right a couple of weeks ahead of the