Mizuho Says Micron (MU) Cheap as Memory Demand Grows

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Mizuho’s TMT specialist Jordan Klein is highly bullish on DRAM and memory, especially driven by AI CPU acceleration, noting tightening supply and rising prices with no new supply expected until late 2027. He specifically highlights Micron Technology, Inc. (NASDAQ:MU) as “crazy cheap” at 3-4 times buy-side EPS, due to strong demand for High Bandwidth Memory (HBM) and the symbiotic relationship between CPUs and DRAM. The company is recognized for its high-performance memory and storage solutions.

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