$Micron Technology(MU)$ The lows appear to be in a linear graph upon which the peaks are getting higher. Seems like their is a growing base and then every few days a sudden flurry of expectation, then return to a slightly higher base as you point out. If this continues then at the current rate we are about $8 / month. By next earnings we will be at about $122 by linear extrapolation. The only thing keeping this stock back is really the expectation of a cyclical supply-demand yo-yo, but the change from small memory footprint compute to large data and large model compute not only changes the dynamics to mitigate this cycle but the mix has changed too. In particular all processors will end up with some on-substrate HMB so that is the next gold rush.
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