RT @MarcelLarsen_: $MU is the cheapest US large cap relative to what it earns, and the gap keeps getting wider. Micron is down 4% today to about $985. On June 24, hours before it reported fiscal Q3, it closed at $1,047. Since then it has posted two of the best quarters any semiconductor company has ever reported and guided higher again, and the stock is lower than it was before either of them. In fiscal Q3, Micron reported $41.5B in revenue against $35.7B expected, and $25.11 in EPS against $20.49 expected. In fiscal Q4, revenue was $54.2B against $51.5B expected, up 31% from the previous quarter and 379% from a year earlier. It was the sixth record quarter in a row. EPS was $33.42 against $31.82 expected. Gross margin was 87%, operating margin 82%, and Micron generated $44.0B of operat
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