BofA: Micron Could Still Hit $100 EPS Even If Memory Slumps
TL;DR Summary
Bank of America analysts estimate Micron could still earn about $100 per share even under a bear memory downturn, eight times the 2018 peak, thanks to AI compute demand, long-term supply agreements, and potential margins normalization, though risks include China competition and DRAM/NAND price declines.
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