Buy Micron Stock. The Chip Stock Deserves Better.


Micron Technology gets no respect on Wall Street. Investors tend to think of Micron, and memory chip makers generally, as providers of interchangeable commodity parts, tech’s version of wheat or frozen orange juice. The result is that Micron trades at low multiples of sales and earnings relative to other chip makers, the broad market, or any other comparable measure. And that seems shortsighted.

Before we get to the case for Micron (ticker: MU) shares, let’s address a few basics that often get lost in the semiconductor conversation….

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