Micron Technology has delivered a very large three year gain for shareholders, even after a sharp pullback in recent weeks. This puts the focus squarely on whether the current share price lines up with the cash the business is expected to generate. With Micron now closely tied to long term AI memory demand stories in the headlines, the key issue for you is how much of that optimism is already embedded in the valuation that the Discounted Cash Flow (DCF) model sets against today’s market…