Micron Technology (MU)

AI is in its infancy, major driver of profitability. Has come down with the market, so at a relatively good level. Lots of upside on fundamentals and technicals. The price target is $132, but could go as high as $150. This type of name should perform well in this phase of the market. Yield is 0.4%.

Memory in chips is cyclical, boom/bust. Just came out of a prolonged down cycle. On the other side now. Exposure to high bandwidth memory, needed for AI applications. Chips are sold out for most of fiscal 2025 already. Yield is 0.4%.

It is best for the storage component of AI. He likes the short term outlook and it has been getting traction so you could add at this point. It can be quite volatile.

Is -7% in the past month. The stock bottomed when the CEO said it would. He's more bullish than the CEO, and shares are going higher.

It can tread water and return to the high-$70s. If there's a PC refresh cycle this year, MU won't stay this long. But some now and more in the high-$70s.

They report Wednesday. This has a habit of shares running up till reporting, then it drops after reporting. If you can handle this volatility, buy some before, then after the report. Their prospects are directly tied to a winder economic expansion. Also, there's a new refresh cycle coming in PC sales.

He took profits and doesn't own it now. Are the king of DRAM, making up 66% of their business. Te stock has done very well. He's looking to get back at $62.

He sold a third of his holding. The king of DRAM semis. Likes it, but buy it cheaper. By the end of the year buy it at $60 then $55. 

Probably pretty good upside. Forming a cup and has broken out of the neckline. Because the sector's overbought, he wouldn't be surprised if it pulled back to the neckline, which would be a good place to buy. Great-looking chart.