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Micron (MU) posted an 84.6% gross margin and $41B in Q3 revenue, but in just 12 months back in 2022 to 2023 it swung from an $8.7B profit to a $5.8B loss.
Micron's 16 take-or-pay contracts promise ~$100B in minimum revenue, but none has ever been tested through a real price collapse.
Despite beating estimates 8 straight quarters, MU stock fell 32% in the month after its latest blowout, signaling the market may already be pricing past the peak.
Just released. Our analysts combed the entire stock market and named the ten best stocks to buy right now, and Micron Technology made the cut. Enter your email to see the other nine names and why MU earned its spot. The report is free. Enter your email and see the full list.