Micron Technology (MU)

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.

He bought this in late October at $223 (doubled since), based on triple-digit revenue and earnings gains, because DRAM pricing continues to rise. Eventually, this pricing will moderate, but when it levels, trouble usually follows. Don't be overweight this as the price approaches $500. He expects a strong report today. He wants to hear them talk about the potential competition from Samsung and others.

Continues to enjoy the boom in data centre building; strong demand will endure. Nvidia gets cheaper and cheaper in terms of PE as shares have risen 50% in the past year, and the market will probably cap shares at $200. Micron will probably see the same fate in the next year or so.

Is up 48% this year. The 6-month chart is insane. They report Wednesday. They enjoy massive YOY growth. DRAM is cyclical, but we're nowhere near the end. He expects MU to meet and surpass expectations.

Memory is a key bottleneck in tech. MU has done very well with memory supply tight. He expects shares to continue to do well. You could even buy it at current levels. Supply will remain tight. Will be volatile.