Manufactures DRAM, NAND flash, and other memory and storage semiconductor products.Yahoo Finance ↗micron.com ↗
2 takes · first discussed May 8, 2026 · last Jun 26, 2026
Click a call to see the price move since it aired.
Both guests hold high-conviction bullish views on Micron. Brad Gerstner (May 2026) emphasizes the stock's low valuation — roughly 7x fully-taxed GAAP earnings — as evidence the market is far from bubble territory, noting that 25% of his portfolio is allocated to memory names including Micron, SK Hynix, and Samsung. Gavin Baker (June 2026) adds a structural AI demand angle, arguing that HBM DRAM makers like Micron represent the most critical bottleneck in the AI supply chain, with new supply agreements locking in floor prices above prior cycle peaks and DRAM potentially reaching 30–40% of all hyperscaler CapEx in the coming year. The two guests agree that Micron is cheaply valued relative to the broader AI trade, with Baker reinforcing Gerstner's valuation point by noting memory stocks remain cross-sectionally inexpensive compared to other AI beneficiaries.
Gavin Baker argues Micron and HBM DRAM makers are the most important AI bottleneck, with new supply-chain agreements locking in floor prices above prior cycle peaks, and these stocks still trade cross-sectionally cheap relative to the rest of AI.
these stocks still trade or cross-sectionally cheap relative to the rest of AI. Something I've been thinking about, memory is DRAM is probably going to be 30% to 40% of all hyperscaler CapEx next year.”1:06:01