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Micron Rises 6% as Bulls Tout Its Bargain Valuation and Buyback Firepower; Seagate and Western Digital Jump 11%
Value investors are focused on Micron's 4x forward earnings multiple and a $35.16 billion buyback as Seagate and Western Digital also rally on AI demand.
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BizTocMicron Rises 6% as Bulls Tout Its Bargain Valuation and Buyback Firepower; Seagate and Western Digital Jump 11%
Memory and storage stocks are rallying from a sharp post-midterm selloff, and value investors are zeroing in on Micron Technology (NASDAQ:MU) for its low earnings multiple and its buyback capacity. Micron stock is at $733.98, up 6% in afternoon trading. That gain recovers only part of the ground Micron lost during last week’s chip rout. […]
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Seagate and Western Digital jump 11% as Micron lags in AI chip rebound
Seagate closed near $512 and Western Digital near $292 on Monday, November 9, while Micron added about 6% to roughly $733. Micron's $35.16 billion buyback and a forward multiple near 4x didn't stop the drive makers from outrunning it.
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Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
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50% Center
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