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Why Micron Stock Looks Cheap After a Record Year

Investors are pricing in a downturn that the latest numbers don't yet show.

  • Micron reported $133 billion in fiscal 2026 revenue, a record year.
  • Stock price fell 13% after earnings announcement, suggesting potential undervaluation.
  • SCAs cover 35% of expected revenue through 2030, exposing 65% to market fluctuations.

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