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Mizuho Says Micron (MU) Cheap as Memory Demand Grows
Mizuho analyst Jordan Klein is highly bullish on DRAM and memory, especially with the accelerating demand from AI CPUs. He highlights that supply is not keeping up with demand, leading to expected price increases, and notes that High Bandwidth Memory (HBM) is experiencing strong demand. Klein considers Micron Technology, Inc. (NASDAQ: MU) to be “crazy cheap” based on its buy-side EPS valuation.