Seeking Alpha
05 Nov 2026, 20:50 UTC · 52m ago
Maybe It's Time To Rush Outdoors Carrying Washtubs
Impact · against what's priced in
The article describes a sentiment-driven sell-off in semiconductor stocks that has lowered multiples, but it offers no new fundamental data to shift the long-term valuation thesis. For Micron, the claim that the AI buildout remains intact merely confirms what the market already pays for, while the valuation gap remains a matter of timing rather than a change in structural assumptions.
- MU+0.00
Already priced in
- The price assumes
The current AI-driven surge in DRAM and HBM demand
The author's view that the AI buildout thesis and hyperscaler spending remain intact is already fully endorsed by a price that pays for the current AI-driven surge and HBM3E sell-out through 2027.
What MU's price assumes · Sep 9
