$Micron Technology(MU)$ Have you ever come across a stock that you thought was cheap, but didn’t want to buy because of short-term obstacles? Put another way, some stocks are cheap for a very clear reason. Micron is one example. I see strong demand for microchips in the long term, but before that, I expect a decline in revenue at the company of at least 30% next year – which may explain why it’s so cheap. Meanwhile, Micron is investing $100bn in a new factory in New York.
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