The 5 cheapest US mega caps by Deep Value score
By Vlad from Bastion on
💾 Micron 72 $MU 🛢️ ExxonMobil 67 $XOM 🏦 JPMorgan 56 $JPM 💻 Meta 47 $META 💾 NVIDIA 39 $NVDA
Micron is trying to soften the memory industry’s boom-and-bust cycle with take-or-pay contracts. But those contracts currently cover only about a quarter of its revenue.
The stock trades at just 6x forward earnings. The market is clearly betting that today’s profits won’t last.
The real test comes in 2028 and 2029. Micron, Samsung, and SK Hynix are all investing heavily in new factories and HBM production.
If AI demand keeps growing, that new capacity will be absorbed. If growth slows, the memory market could return to oversupply and prices could fall.