I am curious why Micron was the one who got sold off more than other semiconductors. It beat earning estimates not long ago, and even though the guidance was not as strong as those pundits thought, the CEO did mention its high bandwidth memory chips have been sold old through 2025.
If compared how much the stock price has grown since the AI boom, it wasn’t that impressive compared to other semiconductors, yet it looks like the one target that investors want to disposed of from their portfolio. It’s p/e is relatively low, and got a long term competitive advantage with its high market share in memory chips, which, if AI does take off in the future, will be in high demands because of the product revolution.
But why it’s not loved as much as others? It’s down from $157 just before it’s earning was out.
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