This Dirt Cheap Stock Is Expected to Quadruple Its Earnings This Year

Group 1 - Micron's stock is considered cheap despite the expected growth in the AI sector, indicating a potential investment opportunity [1][2] - The company specializes in memory chips, which are commoditized and lack pricing power compared to logic chips [2] - Current market conditions show a significant spike in RAM prices due to high demand from data centers supporting generative AI [5] Group 2 - Micron's earnings per share (EPS) are projected to rise from $8.29 in FY 2025 to $33.31 in FY 2026, with further growth expected to $42.79 in FY 2027, driven by AI demand [6] - The cyclical nature of memory demand poses a risk, as prices may drop once production capacity meets demand, leading to a potential stock slump [7] - Analysts estimate that the demand for AI-related memory chips will continue through at least 2030, providing a window for Micron to capitalize on high prices [9]