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What podcasters are saying about Micron Technology (MU)
Summary
In the past 30 days, 15 speakers on 9 finance podcasts discussed Micron Technology (MU) in 18 views. Going by each speaker's latest call, 8 are bullish and 6 are bearish. Chorus has followed Micron Technology since October 12, 2026.
Who talks about it most
- Jim Cramer · 3
- Josh Brown · 2
- Bill Baruch · 1
- Ted Mortonson · 1
- George Noble · 1
- Stephanie Link · 1
- Adam Parker · 1
- Jim Lebenthal · 1
- Steve Weiss · 1
- Tim Travis · 1
The latest views
Newest first. Every quote is checked against the episode's transcript.
Josh Brown · Ritholtz Wealth ManagementBullish
Micron is cheap at about 5x earnings with a PEG near 0.1; no bubble in memory stocks.
Brown argues the semiconductor complex is not in a bubble and cites valuations as evidence. Micron's PEG ratio is 0.10 and it trades at about five times earnings. He uses these as the cheapest names in the market, pointing to how far these stocks are from bubble-level pricing. This sits within his broader argument that semis are driving tech earnings growth while the stocks still trade cheaply.
“Micron, point one o... Micron is selling at five times earnings.”at 50:29
Prof G Markets: Josh Brown: If This Is A Bubble, It’s Pathetic ·
Jim Cramer · CNBCBullish
Micron's sell-off on Samsung's conservative outlook is unjustified; its HBM book is stronger.
Micron fell today after competitor Samsung gave a conservative outlook. Cramer argues the drop is unwarranted because Micron's book of high-bandwidth memory orders is much stronger than Samsung's. He says Micron is a buy, so the stock is being punished for a rival's guidance rather than its own fundamentals.
“A conservative outlook by Samsung caused the stock of competitor Micron to drop today, even as Micron's book of high bandwidth memory is much stronger than Samsung's.”at 47:31
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/29/26 ·
Jim Cramer · CNBCBullish
Micron is a buy at under five times earnings, though a delayed buyback is a concern.
Cramer says his charitable trust owns Micron, which trades for less than five times next year's earnings, low enough that SK Hynix's strong report could push Micron higher. He argues Micron thinks the spot memory market will stay hot and has long-term customer deals with room for more upside. He expects Micron to be more of the same after the Hynix rally, making it a buy despite its already strong track record. He is concerned, however, that Micron has a deal with the federal government not to make a large buyback until after December 9. He wants to see a bigger buyback plan before its next report, which comes after that date.
“I make a mental note of that because we own for the charitable trust Micron, which trades for less than five times next year's earnings.”at 44:43
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/28/26 ·
Bill Baruch · Blue Line CapitalBullish
Memory pricing stays at least stable through 2030; Baruch is a long-run believer in Micron.
Baruch's firm trimmed 50 bps of Micron because it was more than a 5% position. He still sees memory pricing continuing its trajectory and staying at least stable through 2030, and calls himself a long-run believer. Clients who bought before 2025 have a cost basis around $70, so gains are large. The trim is framed as risk management within a semis overweight that is being reduced ahead of the Fed and midterms, not as a change in the fundamental view.
“we still see memory pricing. It's gonna be... Continue this trajectory... at least stable through 2030. We're a long run believer in this name.”at 37:57
CNBC Halftime Report: Countdown to the Fed Decision 10/28/26 ·
Josh Brown · Ritholtz Wealth ManagementBullish
Micron trades at a PEG of 0.10, cheap while tech earnings expectations keep rising.
Micron's PEG ratio is 0.10, one of the three cheapest stocks in the market on that measure. Earnings expectations for tech are not coming down. They are going up, so the low ratio reflects an unusually cheap price relative to growth.
“It's true. Micron, point one o PEG.”at 9:48
CNBC Halftime Report: The AI Correction, Tech Earnings and the Rally 10/27/26 ·
Ted Mortonson · BairdBullish
Micron is a free-cash-flow AI winner in the memory layer of the buildout.
He lists Micron among companies with scale and free cash flow that are the clear winners of the cycle. He also names memory as one of the second-tier next-generation technologies with a secular role. He gives a per-quarter cash flow figure that is hard to read in the transcript, so the magnitude is uncertain. The argument is that Micron's cash generation lets it keep funding AI capacity.
“The real beneficiaries are the companies with free cash flow. The companies like Microsoft or a Nvidia or, you know, even a Micron...”at 24:32
Excess Returns: Baird's Tech Strategist Says This Isn't 2000. So Why Is He Warning Against Buying the Dip? ·
George Noble · Noble Capital AdvisorsBearish
Micron is over-earning on peak memory margins; he would be short, not long.
Micron's current earnings reflect an unsustainable peak. An 85% gross margin is not normal, and a single-digit P/E on those earnings is misleading. He expects margins to normalise, sooner rather than later, once excess returns get competed away, as happened in shipping. He is not short Micron today only because he prefers CoreWeave.
“Micron just is a company that's over earning. ... But I wouldn't own micro. I put a gun in my head, I'd be short.”at 46:17
Monetary Matters: "Coreweave's a Zero" | George Noble on Why He's Short Neoclouds, Why AI is a Shale 2.0 Bubble Headed for Debt/Depreciation Brick Wall, and Why He's "Coming For The Momentum Bros" ·
Stephanie Link · Hightower AdvisorsBullish
Link owns Micron as a selective semiconductor pick with a strong balance sheet.
Link says she wants to be selective in semiconductors and to own companies with good balance sheets. She names Micron as one of the chip stocks she owns, tied to data-center demand outstripping supply for several years.
“I wanna be selective on semiconductors. I wanna own good balance sheets. You know which ones I own, NVIDIA, Broadcom, and Micron.”at 20:10
Jim Cramer · CNBCBullish
Micron's business is great, and the stock's weakness is a buying opportunity for the trust.
Cramer's charitable trust owns Micron. He bought it after visiting the company's Boise headquarters. He says the stock is not acting as well as he would like, but the business is great. Micron fell 15-20% in last week's memory selloff, and it is still down more than 25% from its highs even after today's bounce. Cramer calls the highest-quality memory names, including Micron and SK Hynix, the group that sold off hardest. He concedes the group's charts are bad, which weighs on the outlook for the memory group.
“We bought it after spending some time at their Boise headquarters. We're situationally aware that the stocks not acting as well as we would like, but the business is great.”at 19:39
Mad Money with Jim Cramer: Mad Money w/ Jim Cramer 10/19/26 ·
Adam Parker · Trivariate ResearchBullish
Micron should keep printing strong quarters; he's bullish despite a record quarter looking like a peak.
Micron may have just posted the best quarter any manufacturer has had: about $50B revenue at an 86% gross margin. Parker says nobody likes it, yet he doubts the run ends in four to six quarters and thinks the market will give Micron credit for its large cash balance, so he wants to own it at these prices for the next 12 to 24 months. He notes the risk is that earnings fall off later, but for now he expects strong results to continue.
“But I'm not sure why Micron won't print four, five, six quarters in a row like this, and the amount of money they're gonna make is so great.”at 5:01
Jim Lebenthal · Cerity PartnersBullish
Micron differs from past cycle tops: no debt, large cash pile, and buybacks at six times earnings.
Jim concedes that end-of-cycle claims of cheap stocks with big order books have been heard many times. He argues this cycle is different because Micron has no debt, about $100 billion in cash, and roughly $130 billion of free cash flow, which it is using to buy back shares at six times earnings.
“They have no debt, Micron. They have about a 100,000,000,000 in cash. They're generating a 130,000,000,000 in free cash flow... They're recapitalizing the company by buying back shares at six times earnings.”at 15:36
CNBC Halftime Report: Managing Risk in a Volatile Market 10/19/26 ·
Steve Weiss · Short Hills Capital PartnersBearish
Micron's cheap multiple and big order book look like prior end-of-cycle setups; take-or-pay deals fail if spending peaks.
Steve says the setup is eerily familiar: Micron trades at about six times earnings with a large order book, the same claim made at prior cycle tops. He notes take-or-pay contracts cover about 40% of revenue, but argues those contracts mean nothing if spending peaks, as in every cycle. He says he has taken money off the table and sold his large Micron position.
“Their take or pay contracts for 40% of revenue... If the spending peaks, those take or pay contracts mean zero like every cycle.”at 16:06
CNBC Halftime Report: Managing Risk in a Volatile Market 10/19/26 ·
Tim Travis · Value Options LetterBullish
Micron is very cheap at 5.4x forward earnings if its oligopoly-driven earnings are sustainable.
Micron is an oligopoly with two or three major memory suppliers, so reduced competition has changed the industry's dynamics. Margins are very high and the company is sold out for about two years. It trades at about 5.4x forward earnings, so it is very cheap if those earnings hold. The main risk is China entering memory, which could hurt pricing. Tim says high memory prices are already hurting end markets such as iPhone sales.
“it's an oligopoly. There's, you know, two or three major suppliers... And the margins are just insane. I mean, they're sold out for, I think, like, two years... It's trading at 5.41 forward earnings. So it's very cheap if you, you know, believe the earnings are sustainable.”at 7:35
The Acquirers Podcast: MGM and VICI: Finding Value in the Las Vegas Selloff | Value Options Podcast ·
Tobias Carlisle · Acquirers Funds / The Acquirers PodcastBearish
Micron's low P/E looks misleading because its cyclical earnings need normalizing before it can be called cheap.
Micron has traditionally been very cyclical and often appears on deep value screens because its earnings are high relative to a low market valuation. Once those cyclical earnings are normalized, the stock may not be cheap. Tobias does not think the nature of the business has changed much. The cycle may just run longer, although he admits he does not know whether demand is now secular.
“You gotta normalize those earnings... Traditionally, they've been very cyclical... I don't think that nature's changed that much.”at 8:33
The Acquirers Podcast: MGM and VICI: Finding Value in the Las Vegas Selloff | Value Options Podcast ·
Ben Inker · GMOBearish
Now is a bad time to buy memory makers like Micron; their earnings are at a cyclical peak.
Memory makers are commodity producers and complete price takers. Historically they look cheapest on a PE basis at the peak of their cycle, which is a bad time to buy. Their margins are so high, reportedly around 88% gross margin for Micron, that if margins fall toward historic levels, revenue falls too even if they sell many more chips. Demand growth for most commodities is slow and governed by economic growth, but it is hard to handicap when this memory shortage ends. Inker guesses the other side arrives soon enough and these stocks will not be great investments. Unlike some other AI beneficiaries, they trade at levels where current cash flow is a meaningful part of total investment cost, so if the shortage lasts three years that is great, though he does not know whether it will.
“this would be a bad time to buy a company like the memory makers. They are commodity producers, right? They are complete price takers.”at 1:02:19
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Jeff deGraaf · Renaissance Macro ResearchBearish
Micron's 85-90% margins signal a memory peak; prices and margins likely to fall.
Historically, peak margins equal peak prices in memory and semiconductors. The 1996 and 2000 memory peaks are the precedent, and some companies nearly went bankrupt after overbuilding. Margins of 85-90% draw competition, because engineers and capital rush in to take a share of the profit. Expecting such margins to persist for five or six years is wishful thinking, and the stocks are already behaving as if the growth curve will kink.
“peak margins equal peak prices, in memory and in semiconductors, right? So when you're gonna tell me that the Micron, you know, margins are 85%, 90%, and that's great news, I'm gonna tell you, go back and look at 1996”at 16:51
On The Tape with Danny Moses: Jeff deGraaf: Erase Chips From Your Memory ·
Cameron Dawson · NewEdge WealthBearish
Micron's gross margin is the key line, and capacity additions and Chinese competition will pressure memory prices.
Micron is adding capacity, and Chinese competition is already causing wobbles in the stock. Dawson says adding capacity to a relatively commoditised business typically pushes prices down, which lowers gross and operating margins. Micron guided to stable gross margin through 2027, but Dawson argues the memory cycle is moving toward balanced supply and demand. Micron's gross margin is the single line that will show whether that shift is happening, and the adjustment is likely to be painful.
“They themselves Micron is adding capacity. Anytime you add capacity into any kind of relatively commoditized business, you typically do see downward pressure on prices”at 17:47
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Charles Lemonides · ValueWorks LLCNeutral
Micron's earnings should last a couple more years, but the stock at current prices is less attractive.
Micron is a growth name that long traded like a value stock. His fund bought it years ago when valuations to book and cash flow were very low, and the stock rose from about $70 to about $1,000 in roughly a year and a half. Micron's valuation has typically fallen to three or four times peak earnings. He thinks earnings will last a couple more years, but he is less sure about the stock at today's prices. He has scaled the position back but still holds it as a core position and will let it run for now, while looking for the next such name. He acknowledges that cyclical stocks look riskiest when they look cheapest.
“We think the earnings are likely to be there for another couple of years, but we're not as sure about the stock at today's prices”at 10:34
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