ijiji
2023-03-14

$Micron Technology(MU)$  I believe most investors have already heard not to fight against the government this year. Despite the external pressures facing all companies due to high inflation and lower demand, there are certain companies that hold strategic value to a country. While the semiconductors goes into a bust cycle, we can look at survivability to pick out discounts. Here are some of the reasons I don't mind holding:

(1) Part of US defence strategy, both in providing products for military use and trade weaponisation

(2) CHIPS and Science Act, which will put focus on the semi-conductor industry and provide some level of protectionism.

(3) Alignment to AI as memory and storage are still required as infrastructure as AI technology develops.

Next earnings may be sad, but definitely opportunities to make some option plays while it survive till the next boom. 





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Comments

  • wigglyz
    2023-03-18
    wigglyz
    $53.17, RSI 33, low but not usual MU bottom low .... still can go down more? Feds will do the honor with 50 b points hike later? watching watching......
  • nimbly
    2023-03-18
    nimbly
    Vix hit 30+, suspect it could pull back even more (than currently 26.xx), but still do not believe that full scale wash out, regardless of / in addition to bank failures, have induced the proverbial heading-for-the-exits-panic that is required to bottom; with any luck, that won't coincide with MU earnings . . .
  • vippy
    2023-03-18
    vippy
    Oil going down, price at pump going up. Yeah sounds about right, as Powell continues raising rates like a drunken sailor.
  • pixiezz
    2023-03-18
    pixiezz
    Demand for EVs and its supporting chips and memory continues to climb in 2023. A lot of chips and fast memery
  • zinglee
    2023-03-18
    zinglee
    100% accuracy by me. no other chip stock down and if they are its barely half a percent.
  • amazinggrace
    2023-03-14
    amazinggrace
    Thanks for sharing
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