Micron Technology (MU -0.77%) is having a woeful April as shares of the memory specialist have dropped 20% so far this month, and the tariff-fueled turmoil has a lot to do with the stock’s recent pullback. Reports suggest that Micron could increase the prices of its memory products amid the ongoing tariff war. That’s because Micron has a global manufacturing footprint, including factories in the U.S., Japan, Taiwan, and China.

However, semiconductors have been exempted from tariffs by both the U.S. and China (at least so far). Additionally, the Trump administration has put a 90-day pause on imposing reciprocal tariffs on most of its trade partners who would have otherwise been subjected to higher tariff rates. Also, the administration has exempted imports of memory chips and hard drives from China.

As such, Micron may not need to raise the prices of its offerings, a move that may have hurt the demand since its customers would have had to contend with increased costs. What’s more, Micron’s memory products are witnessing such strong demand that the company is finding it difficult to produce enough of them. This was evident from the company’s impressive numbers in the previous quarter, as well as its bright outlook for the current one.

Let’s take a closer look at the reasons why buying Micron stock following its latest pullback seems like a smart thing to do.

Micron is too cheap to ignore right now

For a company that delivered a 38% year-over-year increase in revenue in the previous quarter, along with a 3.7x jump in earnings, Micron’s valuation makes it worth buying hand over fist right away. The company is trading at less than 17 times trailing earnings. Its forward earnings multiple of 10 is even cheaper.

The tech-laden Nasdaq-100 index, meanwhile, has a trailing price-to-earnings ratio of 27 and forward earnings multiple of 23. Micron, therefore, is significantly cheaper right now, considering the phenomenal growth that it has been delivering in recent quarters.

MU Revenue (TTM) data by YCharts

Even better, Micron is incredibly cheap when we take its potential earnings growth into account. The stock has a price/earnings-to-growth ratio (PEG ratio) of just 0.15 based on the projected earnings growth it could deliver over the next five years, according to Yahoo! Finance. The PEG ratio is calculated by taking a company’s future earnings growth potential into account, and a reading of less than 1 indicates that a stock is undervalued.

So, Micron’s PEG ratio suggests that it is very cheap, considering the expected growth it could clock over the next five years, driven by the deployment of AI infrastructure and devices capable of running AI workloads.

AI proliferation is set to drive healthy growth in memory demand

Micron is benefiting from the fast-growing demand for high-bandwidth memory (HBM) chips used in graphics processing units (GPUs) to run artificial intelligence (AI) workloads in data centers. The company’s data center revenue tripled year over year, with HBM alone accounting for a record $1 billion in quarterly revenue.

Micron says that its HBM shipments exceeded expectations. What’s more, the company has sold its entire HBM capacity for 2025, and it is currently “focused on growing HBM capacity in our existing manufacturing facilities to meet requirements through 2026.” Another factor worth noting here is that Micron has raised its total addressable market (TAM) estimate for HBM to $35 billion for 2025.

That figure is likely to head higher in the long run, with one third-party estimate putting the size of the HBM market at almost $86 billion in 2030. So, Micron’s data center business still has a lot of room for growth in the long run on the back of solid HBM demand. But this isn’t where the company’s AI-related catalysts end.

Micron’s memory products are also used in smartphones and personal computers (PCs). The usage of memory in both these applications is rising thanks to AI. Specifically, Micron says that the dynamic random access memory (DRAM) content in AI-enabled PCs is a third more than the average content used in PCs last year. Meanwhile, flagship AI smartphones are using 50% more DRAM than the 8 gigabytes (GB) of DRAM seen in 2024 models.

It is worth noting that the shipments of both AI-capable smartphones and PCs are expected to jump at an annual pace of almost 35% through 2029. This could pave the way for stronger growth in Micron’s memory shipments in the long run, complementing the healthy growth in the company’s data center business.

As such, Micron Technology’s prospects seem robust, and the semiconductor stock’s valuation means that investors can buy it at very attractive levels right now, and they may not want to miss this opportunity since the company’s outstanding growth could help it overcome its recent slump and fly higher in the long run.

A widely followed analyst is predicting a massive new all-time high this year for one payment-focused altcoin.

Pseudonymous analyst Credible Crypto tells his 465,400 followers on the social media platform X that XRP may soar more than 976% percent its current value.

The analyst utilizes the Elliott Wave theory, which states that a bullish asset tends to see a five-wave surge where waves two and four are corrective periods and waves one, three and five are upside moves.

“Big picture.”

Looking at his chart, the analyst suggests XRP is on the verge of forming a third wave; ultimately, he suggests that the fifth wave may take XRP to $28.

He also says XRP may not dip below $2 any time soon as market conditions, such as open interest, appear to be mirroring similar conditions before the previous breakout.

Open interest is the total number of derivatives contracts taken out for an asset.

“XRP still down about 15% from where I took profit on perp longs but starting to doubt that I may get another chance to re-load below $2. Open interest has completely reset back to levels it was at before our 5x impulse off the lows, spot premium is steadily increasing here at the highs, and funding is even flipping negative. Overall XRP looks incredibly healthy here and any dips that we may get are a gift.”

XRP is trading for $2.60 at time of writing, up 3.9% in the last 24 hours.

Don’t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox

Check Price Action

Follow us on X, Facebook and Telegram

Surf The Daily Hodl Mix

&nbsp

Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

Generated Image: Midjourney

The big picture: Scientists have spent decades trying to unravel the mysteries of the proton – the tiny particle at the heart of every atom. Despite their minuscule size, protons are incredibly complex, with dynamic internal structures that physicists are still striving to fully understand. Now, a team of researchers has taken a major step forward by producing the most detailed map yet of the forces at work inside them.

To achieve this, a team from the University of Adelaide used a powerful computational technique known as lattice quantum chromodynamics. Directly observing the proton’s constituent quarks and gluons is extremely challenging, so the researchers developed a novel approach that essentially “breaks down space and time into a fine grid,” as one team member described it.

This virtual grid allowed them to apply highly complex equations to simulate the interactions between quarks inside the proton. After extensive computational work, the simulations produced an unprecedented visualization of the forces at play.

The team discovered that these forces are extraordinarily intense, reaching up to half a million Newtons – even at scales thousands of times smaller than a single atomic nucleus. To put that into perspective, it’s equivalent to the weight of around 10 elephants compressed into an almost infinitesimally small space.

A PhD student whose calculations drove the research noted that these force maps offer an entirely new way to understand the proton’s intricate internal dynamics and its behavior in high-energy particle collisions.

Such high-energy experiments take place at facilities like CERN’s Large Hadron Collider, where over 10,000 scientists smash protons together to study their fundamental structure. A deeper understanding of a proton’s internal forces could help refine theories describing one of nature’s most essential building blocks.

The researchers are so confident in these findings that one team member compared their work to Thomas Edison’s pioneering studies on the fundamental nature of light before developing the lightbulb. Just as those discoveries led to technologies like lasers and modern imaging, unlocking the mysteries of the proton could pave the way for future scientific and medical advancements.

One field that could particularly benefit is proton therapy for cancer treatment, which uses accelerated protons to precisely target tumors. A more refined understanding of proton forces may help scientists optimize and improve this life-saving technology.

Bitcoin (BTC) is showing strikingly bullish patterns as its price hovers around the $97,000 mark. Technical analysis points to a rare symmetry in Bitcoin’s price action, comparing the pioneer cryptocurrency to past trends and predicting a sharp move to new all-time highs. 

Bitcoin Price Action Mirrors Bullish Symmetry Patterns

A detailed Bitcoin price analysis by TradingView crypto analyst, ‘TradingShot,’ reveals that Bitcoin recently bounced off its 100-day Moving Average (MA). This critical support level previously triggered a massive price rally in January 2024. Currently, the asset’s price action is mirroring its trend behavior from the previous year, where a similar bounce from the MA100 and the emergence of a bullish symmetry sparked the beginning of a rally that propelled BTC to a new all-time high. 

The analyst shared a chart indicating that Bitcoin is now moving within a “Channel Up pattern”—an upward-sloping parallel channel indicating a potential long-term bullish trend. Within this pattern, TradingShot reveals two accumulation channels, highlighting a period where the Bitcoin price consolidates before continuing its upward move. 

From 2023 to 2024, Bitcoin experienced its first accumulation channel. Right now, the pioneer cryptocurrency is in its second accumulation channel, preparing to break above it as it aims for a strong, bullish recovery. 

After thoroughly analyzing Bitcoin’s price movements, TradingShot identified “an amazing RSI-based symmetry of two fractals.” The analyst revealed that the Channel Up pattern is a dominant long-term indicator that would likely guide the BTC price to the top of the cycle. He also disclosed that BTC started its process of breaking above this pattern and potentially replicating past bullish moves that would propel it to the peak of the long-term Channel Up pattern. 

The analyst’s bullish Relative Strength Index (RSI) sits near the $97,000 Bitcoin price level between its two accumulation channels. In the current accumulation channel, the intervals between the RSI lower highs closely mirror those from the previous channel between 2023 and 2024. 

The analyst points out that in both the past and present accumulation channels, there were 25 days between the 2nd RSI lower high and the 3rd. Furthermore, the gap between the 3rd and 4th RSI lower highs is 32 days in the current channel and 34 days in the previous one. 

This near-perfect bullish symmetry shows that the current price action may follow the same past trends, suggesting a potential bullish continuation to a new all-time high. 

Fibonacci Projections Point To $145,000 By March

Based on bullish symmetry patterns, TradingShot has set a new all-time high target for Bitcoin. The analyst marked the 2.618 Fibonacci extension level in both cycles on the chart. In the first cycle, BTC experienced a massive rally that pushed it to a new ATH around the $73,000 level. 

The projected peak for the cryptocurrency’s current market cycle is $145,000 based on the same Fibonacci ratio, highlighted in the green area on the chart. TradingShot forecasts that the Bitcoin price could reach this bullish target between March and April 2025, assuming the bullish symmetry pattern follows historical trends.

Featured image from iStock, chart from Tradingview.com