Seeking Alpha
03 Oct 2026, 13:32 UTC · 1h ago
Micron: The Memory Equity Cycle Is At Its Zenith
Impact · against what's priced in
The article is a non-event for Micron's valuation. The market has already aggressively priced in the AI-driven surge and the current sell-out of HBM supply; a deceleration in growth rates from astronomical peaks is a natural progression of the cycle the stock is currently trading on.
- MU−0.05
Already priced in
- The price assumes
The current AI-driven surge in DRAM and HBM demand
The article confirms the massive revenue growth (379% YoY) and AI demand that the price already accounts for. While it notes a deceleration in guidance (351% revenue growth for Q1), this remains well within the boom the market has already endorsed.
What MU's price assumes · Sep 9
