Why Micron Is Still 'Pretty Cheap' Despite Its AI-Driven Run: Legato CIO Says This Is 'Not The Dot-Com Bu

Despite AI-driven momentum, Micron remains 'pretty cheap' in the eyes of Legato CIO Kelly, who argues earnings tell a different story from hype. The executive contends the early AI infrastructure boom is transitioning toward monetization and cash flow, with Micron well positioned as memory demand surges in AI workloads. He cites Taiwan Semiconductor Manufacturing Co. as a critical supplier and highlights Micron as a compelling value within the AI memory cycle. In 2026, MU has surged about 248.97% year-to-date while closing 7.74% lower at $996.00, underscoring a volatile yet achievement-driven rally that outpaces the Nasdaq 100’s gains.