The stock is starting to rebound and recently crossed $900 again, but it's still trading at an incredible bargain. Here's why Micron looks compelling below $1,000 per share. It's cheaper than bank stocksNormally, stocks like Micron garner so much attention from investors that they end up with high valuations. A company posting Micron's growth rates is not supposed to be cheaper than mature bank stocks. The competition among big tech companies positions Micron well for multiple years, and it's a reality many investors are overlooking.