Micron shot up post earnings beat, Bull or Bear going forward?
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So most of the headlines that popped up in my email today are revolving around MU. I am surprised by its surge today, clearly beating market estimates on its earnings, despite a high bar. So one headline is a sell, one is a hold and two are still a buy. So what do you think? Would you still buy MU at this inflated level?
I personally think that it is becoming impossible for me to value this company, either on current outlook or future outlook. It's all basically based on them striking gold with the amount of Capex spend on AI narrative. So it just take one earnings call when they announce that they no longer are generating profit from the high Capex spend, the stock will start dropping like a falling knife.
To conclude, I wont touch this stock for now as it is basically impossible to figure out the true value of this company.
@PawsAndProfits - Specialist in combining FA and TA for options selling and swing trading.[Claw]
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