$Micron Technology(MU)$ Micron

Micron growth likely to go hand in hand with Nvidia's as news has come out that GPUs are DRAM hungry as well.

Be it Hopper or Blackwell or Rubin from Nvidia, or Google's TPUs, or Apple's M series chips, or Tesla's Dojo - they will all need DRAM.

Bear in mind memory is very cyclical, capacity tends to get built out in excess, and the glut in supply leads to drop in prices so revenue growth slows.

I think we are still in the ramp up phase so we should see Micron perform well for 2-3 quarters.

Will You Bottom Micron at $130 or Lower?

Micron's financial report significantly exceeded market expectations in all indicators, and its outlook guidance generally met market expectations. However, despite excellent financial performance, the outlook guidance not exceeding market expectations caused the stock price to fall in after-hours trading. --------------------------- What's your target price for Micron? Will you hold Micron in the long-term?

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Comments

fluffzo
2024-06-25
fluffzo
Makes sense

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