Micron CRUSHES Earnings But The Market Doesn't Care, Trump Gets $2T In One Room | Basis Points

Micron trades at ~6.6x forward earnings despite blowout results because the Street still fears a memory boom-bust cycle.

• Micron blowout, stock shrugs: $54B revenue (vs $51B est), EPS $33 vs $31 est, gross margin 87%, guidance $63-64B vs $57B est, yet shares only rose ~1.5% as Street fears a memory boom-bust cycle.
• Valuation gap flagged: Micron trades at ~6.6x forward earnings vs S&P's 20x, with ~39.77% free cash flow margins and projected $570B cumulative free cash flow through 2029-2030 per analyst consensus.

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