MU is strong and will appear cheap at $1,000.
Bullish
“US Stock Market Setting Up For Strong Q4? SPX & NDX Cycle & Chart Analysis With Projections”
Steve MillerPublished Sep 5 · 3 passages
Jump to any passage
3 passages
When you look at a company like Micron, it is currently trading at 21 times its earnings. When you look at future earnings, it's trading at an incredibly high price-to-earnings ratio of around six , due to earnings forecasts for the next quarter and even early next year.
This will attract buyers, and indeed, you see Micron up by $50 today in a clear upward pattern that we are seeing.
When I look at Micron, I see great strength, and the stock will look very cheap to investors at $1,000, believe it or not .
What this channel has said about $MU
Steve Miller has 4 calls on this stock; only the adjacent ones are shown.
2026-09-07Bullish
Now, if you look at the valuations, the market is insanely rated when I look at the market as a whole. When you look at a company like Micron, it is currently trading at 21 times earnings. Looking at future earnings, it is trading at a P/E ratio of only about 6 due to earnings expectations for the next quarter and early next year.
Quote at 01:55 ›2026-09-05BullishThis one
When you look at a company like Micron, it is currently trading at 21 times its earnings.
2026-09-05Bullish
Now, if you look at valuations, well, the market's at a crazy valuation. When I look at the overall market, when you look at something like Micron, Micron's trading at 21 times
Quote at 52:40 ›