KS Tan
09-23

Great article, would you like to share it?

@Samlunch：
$Micron Technology(MU)$ $MU earnings this Wed after hrs. Implied move is +/- 9.9% Name is -43% from ATH’s set just 3 months ago. DRAM price remained flat. Analyst were expecting higher so PTs were lowered Margin accretive HBM sales should be at least double vs Q3. Estimating 4x to 5x HBM sales for Q1/25 guidance, potentially pushing stocks higher. I think they beat expectations and they run. Last earnings seemed liked they sandbagged guidance. Time will tell. I like MU for a bounce back trade here. Thinking of the risk reward for MU 10/18 100c is pretty good considering that move.
$Micron Technology(MU)$ $MU earnings this Wed after hrs. Implied move is +/- 9.9% Name is -43% from ATH’s set just 3 months ago. DRAM price remained flat. Analyst were expecting higher so PTs were lowered Margin accretive HBM sales should be at least double vs Q3. Estimating 4x to 5x HBM sales for Q1/25 guidance, potentially pushing stocks higher. I think they beat expectations and they run. Last earnings seemed liked they sandbagged guidance. Time will tell. I like MU for a bounce back trade here. Thinking of the risk reward for MU 10/18 100c is pretty good considering that move.

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