EXCLUSIVE: Micron’s Low P/E May Be Lying to Investors
Micron’s low P/E may look like a bargain, but MarketVector’s Josh Kaplan warns cyclical semiconductor earnings can make the metric misleading.
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EXCLUSIVE: Micron's AI Earnings Could Break the Old Memory Cycle, PurePlay ETFs CEO Says
PurePlay ETFs CEO Joseph DeYonker says Micron is still priced like a memory cycle and names HBM guidance as the key number for Sept. 30 earnings.
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Micron Stock Gets a Big Wall Street Boost Ahead of Earnings
Micron Technology received a significant price target increase from Citi analyst Atif Malik, raising it from $1,150 to $1,300, citing strong DRAM pricing and tight memory supply driven by AI and data center buildout. The company is expected to report fiscal Q4 earnings on Sept. 30 with revenue projected to exceed $51 billion, representing over 300% year-over-year growth. With DRAM and NAND prices surging and the stock already up 270% this year, analysts anticipate continued strong performance, though future guidance for 2027 will be critical.
Prediction: Micron Stock Will Double Within 2 Years
Micron Technology has tripled this year amid strong AI data center demand for memory chips. Analysts project 247% revenue growth and 787% EPS growth for fiscal 2026. The article argues Micron could double or even triple within two years due to persistent memory shortages through 2028-2031, surging demand for high-bandwidth memory (HBM) in AI accelerators, and the company's attractive 6.7x forward earnings valuation.
AI Boom Adds More Customers But Spending Remains Highly Concentrated: What It Means for Nvidia, CoreWeave
AI adoption is broadening, but Ramp data shows the top 10% of customers still drive nearly all model-serving and neocloud spending.
Google Is Taking a Major Step Forward Toward Space-Based AI Data Centers
Google is launching an experimental satellite on October 1st as part of Project Suncatcher to test space-based AI data centers. The satellite will operate on solar power and house Google's tensor processing units (TPUs) to answer simple AI queries for a year. While competitors like SpaceX and Blue Origin have similar plans, Google is taking the first concrete step among major tech companies. The company expects no operational results for several years as it tests hardware durability, radiation effects, and cooling solutions in orbit.
Vancouver AI Company Alebex Ranks 8th in International Speech-to-Text Benchmark
Alebex AI, a Vancouver-based company, has achieved 8th place in Artificial Analysis's international speech-to-text accuracy benchmark, outperforming models from Google, Microsoft, Nvidia, and Amazon. This marks the first Canadian company in this category on the leaderboard and represents a significant step toward Canadian AI sovereignty and voice infrastructure development.