PRIMECAP Management acquired 31.5M Micron Technology shares worth $3.91B. That's 2.84% of their equity portfolio (5th largest holding). The investor owns 2.93% of the outstanding Micron Technology stock. The first Micron Technology trade was made in Q1 2013. Since then PRIMECAP Management bought shares fifteen more times and sold shares on 34 occasions. The stake costed the investor $387M, netting the investor a gain of 910% so far.
Micron Technology, Inc. Q3 '25 report confirmed that it's all about DRAM, and that's a good thing with DRAM content growing substantially with AI servers and...
Management envisions a market with increasing demand and decreasing supply, which signals an excellent pricing dynamic.
Micron is well-positioned for the next wave of data center buildouts, driven by strong AI training and inferencing demand that outstrips GPU capacity. Manage...
Micron's 4Q FY2024 earnings led to an 18% stock rebound, driven by +80% YoY revenue growth momentum and a positive FY2025 industry outlook, indicating robust...