Simply Outstanding: Micron's Absolutely Enormous Day

Micron Technology, Inc. delivered a historic fiscal Q4, crushing expectations with record revenue and margin expansion driven by AI-fueled HBM and data center demand. MU's forward guidance leapfrogs consensus, with management securing HBM contracts through 2027 and projecting continued explosive growth into 2028. Despite its outstanding operational performance, MU trades cheaply at just 6.6x forward fiscal 2027 earnings, remaining fundamentally mispriced given its growth trajectory and robust cash generation.