PRIMECAP Management acquired 37.3 Million Micron Technology shares worth $4.59 Billion. That's 3.38% of their equity portfolio (3rd largest holding). The investor owns 3.30% 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 33 occasions. The stake costed the investor $458 Million, netting the investor a gain of 903% 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.
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