Micron’s stock nosedives 28% despite stellar earnings—why? A new Chinese rival, ChangXin Memory, is stirring market nerves, even with Apple reportedly eyeing them. But don’t panic: AI demand for memory chips is exploding, supply can’t keep up, and Micron’s fundamentals remain rock-solid. With PC and smartphone sales stalled by chip shortages, the long-term outlook is bullish. Trading at just 19.5x earnings, it’s a compelling buy—and already showing signs of rebounding after a 18% surge last month.
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