# Micron Rises 6% as Bulls Tout Bargain Valuation

> Micron stock jumps 6% after bulls highlight its cheap valuation and buyback program.
- Title: Micron Rises 6% as Bulls Tout Bargain Valuation | Shortify
- Summary: Micron stock jumps 6% after bulls highlight its cheap valuation and buyback program.
- Keywords: micron, seagate, western digital, stock buyback, price to earnings ratio, semiconductor, memory chips, hard drive makers, 24/7 Wall St.
- Source: 24/7 Wall St. — https://247wallst.com/investing/2026/11/09/micron-rises-6-as-bulls-tout-its-bargain-valuation-and-buyback-firepower-seagate-and-western-digital-jump-11
- Author: David Moadel
- Published: 2026-11-09T17:52:31+00:00
- Read time: 1 min
- Topics: micron, seagate, western digital, stock buyback, price to earnings ratio, semiconductor, memory chips, hard drive makers
## Micron stock rises 6%
Micron Technology stock is at $733.98, up 6% in afternoon trading.
## Bull case for Micron
CNBC's Halftime Report highlighted Micron's $100 billion buyback potential at depressed multiples.
## Micron's authorized buyback
Micron has authorized a $35.16 billion share repurchase program starting December 9.
## Q4 FY2026 results
Micron reported $54.23 billion revenue and $33.2 billion free cash flow for Q4 FY2026.
## Q1 FY2027 guidance
Micron guided Q1 FY2027 revenue at $61.5 billion, plus or minus $1.5 billion.
## Seagate and Western Digital jump 11%
Seagate and Western Digital stocks rose 11% each after strong Q1 FY2027 reports.
## Seagate's Q1 FY2027 results
Seagate reported $4.23 billion revenue, up 61% YoY, with a major cloud provider qualifying its HAMR platform.
## Western Digital's Q1 FY2027 results
Western Digital reported $4.38 billion revenue, up 55.5% YoY, with a 17% dividend increase.
## Key takeaway

Micron Technology stock rose 6% as investors praised its low earnings multiple and $35.16 billion share repurchase program.