Micron Technology: Turns Out To Be Cyclical After All


  • Micron Technology has seen a new downturn, and we might be nearing the lows.
  • The company has been posting losses by now, but is well capitalized with a net cash position and great liquidity.
  • Appeal is increasing based on average estimated earnings power, but I see no reason to get involved here just yet.

Micron Technology Inc. One of american leader in semiconductor devices, dynamic random-access memory, flash memory, USB flash drives, solid-state drives.


Shares of Micron Technology (NASDAQ:MU) have fallen to fresh low territory after the quarterly results shocked investors, even as expectations were really low already.

My last take on the company goes back to October 2020, more than two years ago

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.

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