Micron's Chinese Rival CXMT Just Grew Its Sales More Than Sevenfold. I'd Buy Micron Stock Now.

Impact · against what's priced in

CXMT's explosive growth is largely a symptom of the industry-wide pricing power and DRAM shortages that the market already expects for Micron. While CXMT's rapid scale-up is a long-term competitive headwind, the immediate signal of high margins across the sector reinforces the current AI-driven cycle.

MU+0.10

Already priced in

The price assumes

The current AI-driven surge in DRAM and HBM demand