Micron (MU) Seen as Undervalued Amid Growing Memory Demand

AI Summary

Micron Technology, Inc. (MU) is viewed as undervalued by Mizuho analyst Jordan Klein, suggesting it trades at 3 to 4 times buy-side EPS. He emphasizes a growing demand for DRAM driven by AI CPU acceleration, with industry reports indicating tightening supply conditions that are expected to last until the second half of 2027. The demand for High Bandwidth Memory (HBM) is also strong, showing a 3-to-1 trade ratio. Klein's assessment suggests increasing prices for Micron's products, highlighting the potential for appreciation in MU stock as market conditions evolve.