Dan RohintonMicron TechnologyMUSELLJul 13, 2026

He sold very early. He liked the management, but had no clue how acute the shortages were in AI. He took profits, and MU kept rallying. Happy to take profits, though.

More room to run and grow over the longer term. Two main areas:  data centres plus photo storage on devices. Still one of the biggest winners from the AI boom. Pullback is normal and healthy. Long-term agreements with customers are making the business more predictable. Trades at just 6x forward PE. Sees upside of ~80%. Yield is 0.07%.

His team has been writing calls -- that's been working because the price has come down and the volatility's really high. One of three companies forming a monopoly, so you have to have a position. His price target is $1508, but expects the better part of the summer to see consolidation in a wide range.

It's more of a trading stock. It's a warning when stocks fall on good news like this. The memory space is volatile, boom or bust. He wouldn't own this for the next 5 years. It has above-average volatility.

Shortage in memory chips isn't going away anytime soon. Analysts' projected profits for this year are 10x what revenues were 3 years ago. Has lost money 9 years of the last 25. Risk/reward on the eventual normalized demand is not that favourable, don't put new $$ in today.

If you already have exposure, scale back or even exit.

RSI is in the lower half of his US equity universe, in the "red zone". Big run, but rolling down. Down 10% today. Breaking down technically. Took out $1000 and kept on going. Not looking great. Underperforming overall market.

It's his largest position. Pivotal was them ending their consumer business to focus on their high-bandwidth memory business. Their last earnings report was stellar a few weeks ago. Amazing. They're sold out this year and probably their high-bandwidth memory is sold out to 2027. There's support at $850. It will stay at a low PE.

They may be sold out of their product this year, but that doesn't justify a 200%+ move in their shares this year which is already pricing in earnings for the next 2 years.

He sold all his Micron last Monday and made a good profit. He bought it at $350. Do I want to be piggish and keep holding or take a profit? He took profits.

It has had a big run so don't chase it. When stock prices go parabolic price targets go out the window. He compares Micron to SK Hynix (Korean) which IPO's on Friday and could take some of the liquidity out of the memory space. Also Sandisk and Seagate which are also a bit stretched. One company has a price target of $1800 but he has sold 2/3 of his position because he has made so much money. It is one of the kings in computer memory and data storage solutions. You could buy it at $975 and lower.

Chart's gone parabolic. Revenues growing 250-300% this year, almost 100% next year. Benefiting from the memory shortage. Demand seems robust, but he wouldn't buy today. Other players are more interesting at this point, though he owns nothing in the memory space right now.

A bit late in the cycle to put new $$ in, though there's about 2-3 more years in the memory cycle. Prices have really spiked (up 7x). If prices stall, and even if volume continues to ramp up, people will stop being so excited. Still upside, but risky at this point.

Memory is a big area for the agentic AI wave, but there are better ways to participate.

Down 10.57% today. Has great earnings power and a low P/E.

Is a secular, not cyclical, growth story. Because of data centre memory demand, there's a strong shortage in chips, MU locked in excellent pricing for years to come. He regrets not buying it.