business
BofA Says Micron Is Trading Under 10x Earnings and Wall Street Is Completely Missing the Story
Key takeaways
- NVIDIA trades at 23x and Broadcom at 34x forward earnings, making Micron the cheapest entry point into the same AI secular growth trade.
- Arya's bull case rests on HBM requiring 3-4x more wafers to produce and 16 multi-year customer agreements with price floors stabilizing the old cycle.
- Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn't make the cut.
Bof A Says Micron Is Trading Under 10x Earnings and Wall Street Is Completely Missing the Story Omor Ibne Ehsan Fri, June 26, 2026 at 12:15 AM GMT+7 4 min read MU NVDA AVGO Quick Read Micron trades at 9x forward earnings after 7 straight EPS beats, as Arya argues memory has permanently shifted from cyclical chip to AI essential.
NVIDIA trades at 23x and Broadcom at 34x forward earnings, making Micron the cheapest entry point into the same AI secular growth trade.
Arya's bull case rests on HBM requiring 3-4x more wafers to produce and 16 multi-year customer agreements with price floors stabilizing the old cycle.
Article preview — originally published by Yahoo Finance. Full story at the source.
Read full story on Yahoo Finance →
More top stories
Also covered by
Fast Company
Memory chip stocks are on fire again: MU, SNDK, WDC, and STX soar as Micron earnings stun Wall Street
Bloomberg Markets
Micron Delivers the AI Reassurance Wall Street Was Craving
CNBC
Micron stock jumps over 16% in premarket trading after blockbuster earnings
Bloomberg Tech
Micron Earnings Inflate the AI Bubble: 3-Minutes MLIV
Aggregated and edited by the Scoop newsroom. We surface news from Yahoo Finance alongside other reporting so you can compare coverage in one place.
Editorial policy · Corrections · About Scoop