After the decline, Micron looks attractive for a small position at a P/E of around 11.5

Hi, everyone!

I’ve had $MU on my watchlist for some time. After this drop, it looks like a good buy for my portfolio (to start a small position). The P/E is currently around 11.5. Is anyone else thinking about opening a position, or is it already too late to get in? Thanks for your advice and opinions :)

A community member's personal view, not investment advice. Community Guidelines

Wonder Koutny @wonderrbaar 2h

In December, a massive share buyback program of approx. $35bn will begin. Throughout 2027, the company should finally return abnormal profits to shareholders. Until now, it was limited by Chips subsidies... We’ll very likely break through $1500 per share in 2027. 🫡

Victor Nettoyeur @victor_nettoyeur 2h

SK Hynix has already spent around 30bn on BB, and everyone can see what effect that had on the price. The market needs to be convinced that AI is a real business, that hyperscalers will have enough money for it, and that memory manufacturers (from China) won’t ramp up production capacity so much that memory prices fall back to their usual levels.

⌘ K

StockBot Live

Market situation Wall Street

Oil spike and ongoing AI fears push stocks lower

S&P 500 -0.40% and Dow -1.10% drop as an oil spike adds to AI spending fears. Nasdaq sheds -0.10%.

Ask about this

StockBot knows 80,000+ stocks worldwide

We use essential cookies to run the website and optional analytics cookies to measure usage.