Micron (MU) Stock Looks Expensive Even With Strong AI Demand

Micron (MU) Stock Looks Expensive Even With Strong AI Demand

Micron (MU) Stock Looks Expensive Even With Strong AI Demand Micron Technology has delivered a very large 3 year share price gain while its valuation checks send a mixed message, with the Discounted Cash Flow (DCF) intrinsic value estimate suggesting the stock trades at a premium and market multiples pointing the other way. Over the past 3 years Micron Technology has returned about 11x, which puts extra focus on whether the current price leaves much room for disappointment. Heavy investment in high bandwidth memory for AI and new fabrication projects can support expectations for future cash fl.