nizzmo
06-25

I gave an AI two screenshots of TradingView's after-hours price and the next four quarters' EPS estimates. I had it add $4 per quarter to $Micron Technology(MU)$  and $0.10 per quarter to $Advanced Micro Devices(AMD)$ , assuming an expected beat for both.

Then I asked it to calculate the NTM PE and what the stock prices would be if they traded at each other's NTM PE.

$Micron Technology(MU)$  would be $7,108.90 if it had AMD's NTM PE.

AMD NTM EPS: $9.29 | AMD NTM PE: 57.97

MU NTM EPS: $122.64 | MU NTM PE: 9.68

MU at AMD's NTM PE: $7,108.90

AMD at MU's NTM PE: $89.88

So, if you believe AMD is worth $538, then by that logic, you should believe $Micron Technology(MU)$  is worth $7,108.90.

$1,600 by September looks like a conservative estimate for $Micron Technology(MU)$  to me.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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