Meet Kevin on MU

The host describes Micron as a bargain following volatility in memory stocks. He believes forced selling has created attractive hardware valuations despite strong AI spending.

Kevin calls Micron a bargain after leveraged memory trades unwound. He believes depressed hardware valuations contrast with growing AI spending.

Kevin argues Micron is deeply undervalued at a roughly 0.33 PEG ratio. His illustrative valuation allows a substantial cyclicality discount yet still implies a value five times its current level.

Kevin expresses a mildly bearish investment view on Micron, citing concerns about the long-term competitiveness of US manufacturing. He also discusses the broader risk that memory capacity expansion eventually creates oversupply.

Kevin sees Micron exposed to a weakening memory cycle as domestic supply expands and Chinese competitors add potentially cheaper DRAM capacity. His Micron discussion emphasizes competitive and margin risks without a separate explicit forecast for MU shares.

Kevin sees Micron facing a difficult competitive setup as domestic capacity expands while Chinese suppliers potentially add cheaper memory. This is a business and industry-cycle headwind discussion without a separate explicit prediction for MU shares.

Micron illustrates how slowing percentage growth can limit stock performance despite attractive valuation ratios. The host distinguishes this growth-rate concern from a judgment that the business is poor or no longer growing.

Kevin is cautious about Micron because investors may be reaching peak memory pricing growth and anticipating weaker terminal earnings growth. He treats its post-earnings decline as a negative influence on the broader technology market despite an apparently cheap valuation.

Kevin identifies Micron earnings as an important upcoming event. He provides no substantive earnings forecast, directional conviction, or share-price target.

Kevin frames Micron within a broader memory 'shortage cycle' that Nomura research suggests could persist through 2027 and beyond due to structural high-bandwidth-memory constraints, but he cautions that markets already price in an eventual decline in memory prices and that the key variable is how long the 'plateau' lasts. He flags downside risk if the catalysts needed to extend the cycle (robotics, AGI, healthcare AI) arrive later than markets expect.

Micron is mentioned briefly as a comparison point, noted for being up 718% over the past year alongside SanDisk's larger gain, with no forward-looking view offered.