Micron Is Up 700%—And Still Cheaper Than Nvidia, AMD And Intel - Intel (NASDAQ:INTC), Advanced Micro Devi

Micron Technology Inc.

(NASDAQ:MU) has delivered one of the most remarkable rallies in the AI trade, climbing more than 700% over the past year and more than 210% since late March, as demand for high-bandwidth memory (HBM) chips fueled a sharp rebound in earnings expectations.

Chart created using Benzinga Pro Yet despite the breathtaking run, Wall Street is still valuing the memory-chip maker more conservatively than some of its biggest semiconductor peers.

That raises an intriguing question for investors: Has Micron's stock outrun its fundamentals—or have its fundamentals outrun the stock?

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