$Micron Technology(MU)$ I tend to think there aren't any genuine bears. It's simply that some people want to get in at a lower price because their purse isn't sufficiently funded.
If you treat $Micron Technology(MU)$ as a commodity and cyclical business, the share price calculation is 52 times 13.5, equalling 702. If you treat $Micron Technology(MU)$ as an AI chip maker, the share price calculation is 52 times 25, which is 1,300. Either way, and I have used a conservative PE in both approaches, the current price represents a significant discount to forward earnings. My rating is a strong buy.
To succeed with $Micron Technology(MU)$ , one must distinguish between the initial AI training phase and the shift towards the Inference Stage. The training phase focused on uploading data to build Large Language Models, while the industry is moving towards deployment—applying those models to massive datasets to generate real-time business value. This 'download' phase shifts the focus from the data centre backbone to the edge, where AI is integrated into practical applications. Because the inference stage is considerably more memory-intensive, this transition represents the primary catalyst for memory manufacturers to capture peak market value. Inference versus Training: While training requires massive compute power, inference requires rapid da