MU vs. AMD: Which Stock Should Value Investors Buy Now?

Core Viewpoint - Micron (MU) is currently viewed as a better value opportunity compared to Advanced Micro Devices (AMD) based on various valuation metrics and earnings outlook [1][7]. Valuation Metrics - Micron has a forward P/E ratio of 10.95, significantly lower than AMD's forward P/E of 54.68 [5]. - Micron's PEG ratio stands at 0.38, while AMD's PEG ratio is 2.02, indicating that Micron is expected to grow earnings at a more favorable rate relative to its price [5]. - Micron's P/B ratio is 3.76, compared to AMD's P/B of 5.85, further suggesting that Micron is undervalued relative to its book value [6]. - Based on these metrics, Micron has earned a Value grade of B, while AMD has a Value grade of D [6]. Earnings Outlook - Micron has a Zacks Rank of 1 (Strong Buy), indicating an improving earnings outlook, while AMD has a Zacks Rank of 3 (Hold) [3][7].