Micron Technology, Inc. offers explosive upside but is now highly sensitive to market sentiment, making it riskier and more volatile than before. MU's recent quarter saw revenue triple year-over-year to $23.86B, gross margins hit 75%, and EPS beat by over $3, driven by memory shortages. Management guides for $33.5B in next-quarter revenue and 81% gross margins, but the stock trades at a 63% premium to the sector median P/E.
Micron: Buckle Up For What Is About To Happen
Source: Seeking Alpha