Acer CEO Jason Chen questions forecasts of a memory shortage through 2030

Acer CEO Jason Chen says a memory shortage lasting to 2030 is an overblown expectation as China's production capacity grows. He says prices are mixed, with some rising and others falling—a warning for Micron, whose shares gained 570% in the past year.

The article says Micron trades at a forward P/E of seven, based on analysts’ profit projections. It argues that an earlier end to the shortage could lower earnings-growth expectations and make the valuation look less cheap.