$Micron Technology(MU)$ I believe most investors have already heard not to fight against the government this year. Despite the external pressures facing all companies due to high inflation and lower demand, there are certain companies that hold strategic value to a country. While the semiconductors goes into a bust cycle, we can look at survivability to pick out discounts. Here are some of the reasons I don't mind holding:
(1) Part of US defence strategy, both in providing products for military use and trade weaponisation
(2) CHIPS and Science Act, which will put focus on the semi-conductor industry and provide some level of protectionism.
(3) Alignment to AI as memory and storage are still required as infrastructure as AI technology develops.
Next earnings may be sad, but definitely opportunities to make some option plays while it survive till the next boom.
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