Micron Technology (MU)

It took Nvidia years to reach a trillion dollars, but Micron only 48 days. This screams it's meme-ish, is in the wrong hands, not in thoughtful hands. You could still make money buying calls, but MU has no investment thesis, just a speculation one. Still trades at 10x 2027 PE because there's a backlog. Speculation, not an investment.

Huge shortage. Sold out for next 1-2 years and can charge what they like. Wildly cyclical. Hard to sell something when the story's so good, but he'd be reducing over the next little while.

Chips, and mostly memory (which are in short supply). Making tons of money, but it's cyclical. You go from supply shortage to supply glut, and the stock rolls over. We're not there yet, but he'd be cautious. Good company, but skewed toward risk at this point.

He prefers more broadly diversified companies.

Continues to work, but a bit extended. If owned, perhaps trim a bit. Anticipating a consolidation phase. Overall, positive technical profile. To add, wait for a pullback.

It trades under 12x PE, but pulled back 6% today which may be the time to buy this. Buy some now, and more after a 2-3% decline.

A lot of these charts are tough to buy, but lots more room to run. When you think about the AI compute, it's not just the GPU anymore. We're getting all these optimizations across different parts that have to roll into data centres.

Focused on revolution of agentic AI. To reach solutions, it has to be heavily integrated and remember the different components. Its high-bandwidth memory is sold out through 2026, with supplies remaining tight potentially into 2028. 

You have to decide if this is still a cyclical company, or is it structural as we need a lot more memory going forward. His vote is for structural. Yield is 0.08%.

He's taken some shares off the table. Is trading at 7x PE, but historically it's 6x. They have contracts through 2028. At some point, this will reset, but it's too early for it.

Another beneficiary of AI. Look at that chart -- what's the likelihood that it'll double from here? Probably not very high. Take profits. Risky if you're looking to squeeze out another 10-15%.

This can keep rallying because there's endless demand from the data centre companies and not enough supply. He targets $1,000. It remains cheap on a PE basis, now only 6x PE.

He just added more shares. Next year, this looks like a commodity valuation. You can't ignore memory. Is up 133% in the last 6 months.

The whole space was very cyclical, but then AI came along and extended the cycle. He'd put a stop in around $330-340. $100 runway to analysts' price target. Go in by stages. Your exit would be $320-330.

#3 producer in the world of memory chips. Global play. Trades at 5x PE, while most trade at 20x PE. Memory chips are cyclical. Demand is there, so there shouldn't be a total collapse in the price. A complementary play to the NVDA's of the world. Yield is 0.15%

They had a huge run last year, but has dropped back after joining the S&P. Some consolidation is expected after a stock joins the index. Now, it's in a consolidation phase as ETFs buy the stock. In a hangover now of $325-425, but there's good support.

Stock's done extremely well. Now let's zoom out a bit. There's a current shift in where profit pools are. Memory has done REALLY well because there's a huge shortage. 

Not a long-term hold. It's known as a "deep cyclical" -- times you make $100 per share, and times you lose $$. This memory shortage is more structural in nature, so at $330 it's worth holding on to. Hold for years 1 and 2 of profitability, but in year 3 market will be anticipating year 4 of potentially negative earnings.

After a huge move, it's digesting. Give it a rest before entering.