Micron Tech: Bargain or Capacity Risk in AI Memory Era?

Micron Technology (MU) sits at a crossroads as investors weigh aggressive memory-capacity expansions by rivals like CXMT, Samsung, and SK Hynix against a continued AI-driven memory demand. While Simply Wall Street’s narrative portrays MU as undervalued with a bullish fair value well above the current price, a contrasting DCF model argues MU is overvalued on projected cash flows. The stock has been volatile, following a prior pullback, and risks include potential oversupply from capacity additions and geopolitical restrictions that could pressure future pricing.