Micron Valuation vs AI Demand Tug-of-War
JOBhakdi · x · 2026-07-13
The post expresses views on Micron ($MU) using a few numbers: it currently trades at around 8.5x 2026 earnings, but its revenue growth rate is about 300%/year.
The author argues the market seems to be pricing in that the "super bubble will burst soon," but real-world factors include:
- A 12-year backlog in data center demand
- AI model development is still accelerating
Overall, the emphasis is that if AI infrastructure demand continues, high valuations may not be entirely disconnected from fundamentals.
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