$Intel(INTC)$ After all this time, whether ON ends up clearly green or clearly red is the only thing that matters. So many times a 3-4% move gets erased in either direction during extended trading. At this point I don't trust any of it. Even Intel was up 3-4% overnight and by the open it was only up 0.30%. It's a joke at this point, just another way for market makers to take money.
$Intel(INTC)$ Everyone when Intel was at 120: "Damn, I wish I would've added more. What can I do so I can get more?" Everyone at 85: "AI is a bubble, sell everything, going to 20." Secretly I'm laughing at the whole show.
$Micron Technology(MU)$ Friday closed at $872 with a high of $892. If it gaps over $892 and builds on that before the open, then we are looking at a minimum of $892 + $55 = $947-$950 for the next high, or $892 + $151.42, roughly $1050, in the most bullish scenario. The $151.42 is the average daily gain from the 6 most bullish days since May 1, 2026. Not dreaming, just statistics. Not rushing it either since I still need to add. If it is a diamond, it will shine.
$Micron Technology(MU)$ This should be back over $1000 soon, possibly even on Monday. A 5x PE is just ludicrous even if the revenue gets labeled cyclical. This is a cash-generating machine with a massive backlog and pricing power for the foreseeable future.
$Micron Technology(MU)$ From the end of this year through mid 2027 could turn into one of the biggest face-melting rallies ever. I'm holding through it.
$Micron Technology(MU)$ MU may have put in a near-term bottom on Thursday as we head into the seasonally strongest stretch of the year. If SK Hynix can build on its 4% gain at Friday's Kospi close, MU has a decent shot at a 50% Fib retrace up toward the 975 area, right around the 50 SMA. SMH may have bottomed just 7 points shy of its 200 SMA, which would be a higher low versus the late July crash low.
$Micron Technology(MU)$ Micron has locked in 35% of its business through 2030, with prices set in the contract. That takes away the shorts' main leverage and could push this company much higher.
$Micron Technology(MU)$ $SK hynix(SKHY)$ I think Micron should buy SK Hynix and drop the buyback. If Micron just acquires SK Hynix at a very low price, it would push Micron's forward PE up to 20, which essentially makes SK Hynix free and a huge win. When Amazon bought Whole Foods, the share price went up, so it was basically free as well.
$Micron Technology(MU)$ Look beyond a 2-hour window and it becomes clear this is the best opportunity in a very long time. Lots of red across the board usually means aggressive accumulation makes sense.