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• If you are wondering whether Micron Technology’s share price still offers value after a big run, the key is to look closely at what the current valuation is really pricing in.

• The stock last closed at US$518.46, with returns of 6.4% over 7 days, 61.1% over 30 days and 64.4% year to date, while the 1 year and 3 year returns are very large and the 5 year return is more than 5x.

• Recent headlines around Micron have focused on its role in memory and storage for high performance computing and AI related demand, as well as industry wide capacity and supply…