Micron Technology (MU) Buy, Sell or Hold

Micron Technology (MU)

1,074.89

-22.50 (2.05%)

as of Oct 2, 2026, 8:00:00 pm Market Open.

342 watching

BUY

Both Samsung and Micron are pulling back in production, so history tells us we are within two quarters before semis bottom in pricing. Can't tell the exact timing, but you need to start buying Micron NOW, which is why shares jumped today even after a lousy quarter. Semis are a boom and bust business with gluts and shortages. Highly cyclical.

BUY

They report Tuesday. This semi company has been down for ages because of an inventory glut. If the CEO announces the glut is over, shares will hit $80.

PAST TOP PICK

(A Top Pick Mar 30/22, Down 27%)

His thesis of a rebound broke. Sales have slowed. Samsung pushing to grab market share.

WAIT

It needs to see demand rise for chips used in cell phones and PCs. Wait several months before this is safe, after this glut in chips ends. Then it will bounce back hard. This quarter will be weak and suffer guide-downs. Starting buying in mid-year.

BUY

Still in an uptrend. At an attractive long-term entry point. This space will likely underperform. Likes reward/risk at these levels, with an almost 50% retracement. Well run. You want some exposure to this space.

COMMENT

Downgraded today Yes, it's a challenging environment, but the semis were the first to feel the valuation contraction/recession. Some names have bottomed like Texas Instrument. So, you can still find opportunities in the semis.

PAST TOP PICK

(A Top Pick Mar 30/22, Down 35%) Device growth has been weak, and chip makers have not done well. Good company to be with when there's a rebound. But now's not the time.

DON'T BUY

They report Wednesday. He expects another leg down for semis, meaning the glut in semis will continue. A lot of semis stocks will slide on Thursday.

PAST TOP PICK

(A Top Pick Nov 25/21, Down 30%) King of DRAM and NAND. Lots of noise about capital investment. Barometer of tech business, especially the semi side. Today announced another production slowdown, so they still see headwinds. Lots of these names are trades. Buy in thirds at $62.50, 59, and 55. (Analysts’ price target is $68.00)

DON'T BUY

Today, they said that demand has weakened and they will miss their quarter. True, October was bad, but the problem is, they have said this twice before and are taking bold and aggressive steps to reduce the supply of their chips, like reducing capex towards expanding capacity. Micron shows there's been no increase in basic electronics, namely computers.

WATCH

It's down 50% from highs. The PE is low vs. book value historically, but the semis are cursed now, are among the most-beaten stocks. Eventually, they will turn around and sharply--but it's too soon. The semis are more linked to China than we expected, and Biden wants to keep American chips out of the hands of China's military. More chips are being made to address shortages, but this will take a few quarters. Don't buy, but watch Micron.

DON'T BUY

Yesterday's quarterly report was just okay, but their outlook was hugely disappointing. The CEO said it would take next year to see a real turn. This stock has always been boom and bust. Historically, they make too many computer chips, which leads to slashing prices and crushing earnings. It usually takes two quarters to clear out the inventory and before you can buy the stock.

DON'T BUY

BUY ON WEAKNESS

It won't hold $50. Buy around $47-48.

PAST TOP PICK

(A Top Pick Mar 30/22, Down 21%) Has since sold stock. Doesn't believe in strength of business anymore. Supply chain issues and over supply of chips a problem. Short time, has problems to navigate within sector.

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Micron Technology (MU)