Forget the "Magnificent Seven." Here Are 2 Unbelievably Cheap Tech Stocks to Buy Hand Over Fist.
The Magnificent Seven are some of the most dominant and profitable businesses in the world. But these stocks command high valuations and multitrillion-dollar market caps. Investors looking for tomorrow's standout performers should look for more reasonably valued companies.
Micron Technology (NASDAQ: MU) and Tencent (OTC: TCEHY) are two leading tech companies that are starting to see improving growth. Importantly, these two stocks trade at bargain price-to-earnings (P/E) ratios that could lead to superior returns over the next few years. Let's find out more about them.
Micron is a leading supplier of memory and solid-state storage solutions and is seeing a strong rebound in revenue and earnings. Investors anticipate a recovery, which helped push the stock up 91% over the last year. But the stock still trades at a low forward P/E that undervalues the tremendous demand starting to come from AI servers.
Source Fool.com
Micron Technology Inc. Stock
With 95 Buy predictions and 4 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 110 € there is a positive potential of 35.18% for Micron Technology Inc. compared to the current price of 81.37 €.
