MojoStellar
08-19
They fall into three very different buckets: AI infrastructure, cyclical memory/storage, and defensive/optionality plays.

I opt for MU.

Why MU is my #1

The important thing happening right now is that we're seeing a violent rotation within the AI trade, not necessarily deterioration in the underlying AI infrastructure demand.

On August 18, MU fell about 7% to $940.76, while NVDA fell 2.3%, SNDK 9%, and SK Hynix about 9%.

That's interesting because Micron's fundamentals are exceptionally strong.

Micron Technology

And Micron says AI/server demand is causing tight DRAM and NAND supply, with HBM4 ramping rapidly.

That creates a particularly attractive setup:

AI demand → more GPUs → more HBM → more memory content → pricing power → huge

The catch is that Micron is still a cyclical memory company. Today's enormous earnings can normalize if supply eventually catches up. So I wouldn't put the entire $10k into it.

thank you @TigerEvents and @koolgal for invitation 🙏 😘

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Comments

  • peepzy
    08-19
    peepzy
    MU first. That pricing power fades fast once supply catches up. How many quarters do these margins really hold?
  • WINTERIN
    08-19
    WINTERIN
    HBM4 ramp speed matters more here. If yields and customer quals stay on track, MU's peak this cycle could look very different
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