How Steve Miller’s view on $MU changed

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.

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.