Micron’s Bear-Case Earnings Are Still 8x Higher Than 2018 Peak: Bank of America
Micron plunged 28.7% in July, but BofA says even a severe memory downturn could leave EPS near $100, eight times its 2018 peak.
Micron's stock fell a lot recently, but even if memory chip business gets really bad, the company would still make way more money per share than it did in 2018. This shows the company is stronger now than it was back then.
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