Micron Trades at 6 Times Next Year's Earnings. The $38 Billion of Capacity That Ends This Cycle Doesn't Open Until 2028.

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Reminiscence specialist Micron Expertise (NASDAQ: MU) trades close to $878 as of this writing, at about 20 occasions its trailing earnings however solely about 6 occasions the earnings analysts anticipate over the approaching yr. Earnings are climbing so quick that subsequent yr’s anticipated quantity dwarfs the…

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