Micron Valuation Looks Too Low if Chip-Supply Tightness Continues
Dow Jones
Yesterday
0940 GMT - Micron Technology executives' expectation for chip supply to tighten in 2028 was the most important comment in the group's earnings call, Citrini analyst Jukan Choe says in a post on X. Market valuations of chip stocks suggest supply tightness for memory chips will be short lived, Choe says. "What this comment tells us is that a substantial portion of 2028 volume is already contracted." If chip makers have guaranteed demand through 2028, their valuations should be higher, the analyst adds. Micron shares edge down 0.3% premarket.
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