besides myself, is anyone else concerned that micron is now considered a value play?

VTV's largest holding is now micron, MU - all because one of it's heaviest factors is the Forward Price-to-Earnings (Forward P/E) ratio.

Over the last year, Micron's stock price skyrocketed due to the massive demand for its AI-linked high-bandwidth memory chips. Normally, a massive price spike pushes a stock straight into the "Growth" category. However, Wall Street analysts ~~(realized a cheat code)~~ increased Micron's projected future earnings even faster than the stock price rose. Because its expected future profits are so massive, its *Forward P/E ratio* actually dropped, making the algorithmic index flag it as a screaming "bargain" value stock.