Micron: Not An Nvidia Alternative


  • Micron Technology, Inc. stock has rallied due to AI narrative, but recent dip prompts consideration for buying opportunity.
  • Micron is not a suitable alternative to Nvidia Corporation stock due to lower growth, profitability, and competition.
  • Micron’s current valuation may not be justified, but potential entry points for investment exist based on technical analysis.

Micron San Jose Office


Thesis Summary

Micron Technology, Inc. (NASDAQ:MU) has rallied strongly in the last year on the back of the AI narrative.

The latest earnings gave us a dip in the stock. Is this a good chance to buy?


Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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