Sell MU by Nov 2, 2026.

So you've heard that Micron (MU) has a forward P/E multiple of 4. Four! Sounds crazy undervalued, right? How is no one else seeing this, you might think? Well, it's because forward P/E multiples as they pertain to cyclicals at peak demand-supply imbalance don't really function the same as they do for the average company. Now before you start racing to type that memory and semiconductors are "no longer cyclical", let's entertain the possibility that they are in fact no …