Should you buy Micron stock? (January 2025)

Published first at https://www.3minutebreakdowns.com Micron stock analysis. Ticker: $MU Micron is an American company that makes memory for computers and the stock has gained 21% over the past year taking the company’s market value to 115 billion dollars. With 29 billion of revenue over the last 12 months, 3.9 billion of net income and 13.1 billion of adjusted ebitda, Micron stock is now valued at 4 times revenue, 30 times earnings and 9 times EBITDA. Micron’s products can be split into two categories known as DRAM memory and NAND. DRAM is known as volatile memory because it loses data when the power is turned off, its used for high speed applications like Computer RAM, graphics and AI. NAND retains data without power and is used in SSDs, USB drives and for smartphone storage. When Micron reported earnings last month the stock dropped 13% despite posting some rather impressive numbers. Total revenue increased 84% year over year, gross margins increased to 38% and profits jumped to 1.8 billion. Even more significant, Micron’s data centre revenues grew an incredible 400% so Micron is clearly benefitting from the AI boom in a big way. The company’s high bandwidth chip sits close to GPUs which help speed up AI processing, and Micron’s 3E chip is designed into Nvidia’s Blackwell platform. #stocks #investing #stockmarket