Micron Technology: Memory manufacturer on the brink of massive profit jump – Wells Fargo expects P/E ratio below 7!

The ongoing storage boom could provide Micron with a net profit of $50 to $60 per share, lowering the P/E ratio to below 7. The HBM memory business is driving the stock price. Reports about the exclusion of HBM4 memory for Vera Rubin from NVIDIA are vehemently rejected by management. Deliveries of samples of the industry's first monolithic 32-gigabit LPDDR5X design for high-performance servers have commenced. The stock is trading at an all-time high and is preparing for a breakout attempt ahead of the Q2 results expected on March 18. ...