ATLAS
MU

Micron Technology

Cyclical AI Beneficiary
Memory & storage·US·Boise, ID·#3 / 9 in segment·21.6% of segment mcap
$731.99
636.6% vs S&P 12m

Only US-headquartered DRAM/NAND maker with growing HBM3E share and US CHIPS Act-backed fab buildouts.

Geopolitically privileged HBM supplier with rising attach at NVIDIA and hyperscalers; cycle-leveraged but improving structural mix.

Products
  • HBM3E
  • DDR5
  • NAND
Customers (3)
Competitors (2)

Composite score

Higher = stronger overall research case

64
Fundamental73
Technical82
Valuation20
AI relevance80
Risk-adjusted (higher = safer)49
Segment-relative fundamental percentile: 38

Synthetic 1Y price action

Deterministic price series; 50d (yellow) and 200d (orange) MAs shown

3M RS: 67.1%6M RS: 191.2%12M RS: 636.6%Vol30d: 79%DD52w: -8.9%

Financial summary

Curated, illustrative

Revenue
$58.12B
Growth (YoY)
196.3%
Gross margin
58.4%
Operating margin
67.6%
FCF
$2.89B
Capex
$27.76B
Net cash / (debt)
$3.79B
ROIC
20.1%
Customer conc.
Medium

Valuation

Market cap
$825.49B
Enterprise value
$821.70B
P/E (TTM)
34.6x
Forward P/E
7.1x
EV / Sales
14.1x
EV / EBITDA
22.3x
P / FCF
285.3x
PEG
0.3x
Rule of 40

Risks

Severity 1 (low) to 5 (severe)

  • 4
    DRAM commodity cycle
  • 3
    China NAND demand restrictions

Score components

What drove the composite

Growth100
Profitability100
Cash generation37
Balance sheet80
Moat / AI relevance88
Capital intensity (higher = lighter)21
Customer diversification60
Valuation discipline (dilution)65
Trend (MA50/MA200)95
Momentum (3/6/12m)80
Relative strength100
Realized vol (higher = lower vol)24