Overview
- The latest investment write-up says big tech leaders tied to artificial intelligence have seen valuations fall as investors reassess growth and heavy AI spending.
- The author argues Micron now looks cheaper than the Magnificent Seven group of Apple, Alphabet, Tesla, Nvidia, Meta, Microsoft, and Amazon.
- Micron sells DRAM, NAND, and high-bandwidth memory, which are types of computer memory used to run and respond with AI models.
- The company reported revenue of about $23 billion in its latest quarter, up more than 190%, with record gross margin, earnings per share, and free cash flow.
- The piece still views Nvidia and Alphabet as attractive, yet presents Micron as a strong buy for growth-focused investors seeking lower entry prices.