High interest rate environment, geopolitical conflicts, political instability in the US, China tensions, AI bubble bursting. There are many reasons to short this stock right now. If you are smart, you will short. Only a fool buys at the top of a rally. Decline is coming. Semiconductors have come up way too much. There will not be buyers at this range. Mark my words, Micron will drop 10% in the next week. This is the best time you will ever get to short this stock. Up over 90% in the past year, this stock is in overbought territory. And with interest rates remaining high, semiconductor stocks are struggling to maintain their upwards trajectory. A dip towards $100 near-term is highly likely at this rate. The golden rule of investing is buy low, and sell high.
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