Micron Technology Inc, the American producer of computer memory and computer data storage is undervalued according to Wolfteam Ltd.
Micron technology has based its business around Artificial Intelligence or AI. Its memory and storage cards are all designed in view of processing Artificial Intelligence, AI.
Artificial Intelligence or AI is the current mega growth trend, which is likely to propel information technology for the next decade.
At 30.76 billion revenue and net profit of 8.69 billion USD on net profit margin of 28.24 Micron technology at a market capitalization of 69.76 billion USD is deep into value investing territory, even as far as technology companies are concerned.
In the June 2023, second quarter of 2023 Micron Technology reported quarterly revenue of 3.75 billion USD on net profit margin of - 50.53 %. Micron Technology revenue in the second quarter of 2023 fell 56.58 % year on year. These results were not to Micron Technology's high standards. But Micron Technology first two calendar quarters have not been as strong of late.
And even at 3.75 billion USD quarterly revenue run rate Micron Technology has tremendous unlocked value.
Micron Technology's intrinsic value is 130 billion USD, according to Wolfteam Ltd.'s growth and risk projections and comparables multiples calculations.
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