Is The Writing On The Wall For Micron?

  • 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.

Source: Is The Writing On The Wall For Micron? – Micron Technology Inc. (NASDAQ:MU) | Seeking Alpha