
NASDAQ:MU
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.
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%.
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.
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.