Micron

Micron is no longer the company it was before the AI boom, and one analyst says it’s time that investors fully appreciate that.

Investor fears about an AI spending slowdown and the impact of interest-rate hikes are subsiding.

While investors are concerned about a memory peak, analysts say the stock still looks cheap relative to various earnings scenarios.

The chip maker has been a victim of souring AI sentiment lately, but its upbeat outlook has Wall Street feeling better about the path forward.

Micron in charts: Revenue from Computer and Networking grows most among units in FQ2