$Micron Technology(MU)$ The fact that MU dumped at open tells you how stupid the market’s trading algorithms really are. The price of MU should recover quickly once the bulls realize that sell-off is an unexpected gift. In short, the market was correct in driving the price of MU up by 4.4%. Even at closing price of $90.65, MU is undervalued relative to other AI-related stocks.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.