- Micron has ripped higher — up more than 1,000% since late 2024 and now one of the S&P’s top performers and a $1T-plus company.
- Oddly, it still trades cheaply (around 10x earnings), sparking debate whether that’s a bargain or a warning sign about fading growth.
- Big AI spending could reshape memory chips’ usual boom‑bust cycle, but analysts warn the stock looks overbought and a pullback is possible.
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