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Is Micron a Cheap Stock at Its Current Price?

Puja Tayal
Is Micron a Cheap Stock at Its Current Price?

Micron Technology (MU) is a cyclical stock governed by memory prices, which are driven by demand and supply forces. If we look at Micron stock’s valuation, it looks like a cheap stock with strong growth potential. However, the cyclical nature of the stock makes valuing it difficult.