- Memory markets, both DRAM and NAND flash, are very tight with prices having shot up this year, boosting Micron’s bottom line significantly.
- It’s surprising that these markets are growing in price, but hardly in volume and this should give some food for thought.
- As is to be expected, familiar cyclical forces are likely to exert themselves in the form of a wave of capex that is already on the horizon.
- Valuation metrics compared to the previous upturn suggest that Micron shares still have some room to run but the end of the party is coming into focus.
Is The Writing On The Wall For Micron?
July 29th, 2017 · No Comments