Micron: Why I Bought The 20% Pullback (Aggressively)
Micron Technology(MU) Seeking Alpha·2024-07-07 21:00
JHVEPhoto The boom in artificial intelligence (AI) has stocks like Microsoft (MSFT) and Nvidia (NVDA) exploding to new highs and nosebleed valuations. The same can be said for many semiconductor stocks, like Arm Holdings (ARM), which trades at 58 times sales (48 times on a forward basis). The demand for data centers and computing power is intense. Here are some facts about data centers: Statista forecasts that Data center global sales will grow from $344 billion this year to $440 billion in 2028. Hyper ...