Micron Just Delivered a Monster Quarter, but the Stock Is Plummeting. The Reason Is Obvious.

Micron Technology reported record-breaking fiscal Q4 earnings with $54.2B revenue (380% YoY growth) and 87% gross margins, yet the stock declined 20% since earnings. The sell-off reflects broader semiconductor weakness and investor concerns about AI capex sustainability, elevated valuations, and the cyclical nature of memory markets. Despite these headwinds, the author views Micron's 7x forward P/E as attractive, positioning it as a compelling buying opportunity.