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.
The decline in demand for PCs is unsustainable, and we've moved past the phase of cheap computes for our homes during Covid. If Samsung indeed cuts production, there will be a Q3 upside surprise in computers and semis. Whenever the semis cycle turns positive, Micron goes from the worst performer to the best. Buy this now.
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.
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.
His thesis of a rebound broke. Sales have slowed. Samsung pushing to grab market share.
Micron Technology is a American stock, trading under the symbol MU-Q on the NASDAQ (MU). It is usually referred to as NASDAQ:MU or MU-Q
In the last year, 14 stock analysts published opinions about MU-Q. 12 analysts recommended to BUY the stock. 2 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Micron Technology.
Micron Technology was recommended as a Top Pick by on . Read the latest stock experts ratings for Micron Technology.
Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.
14 stock analysts on Stockchase covered Micron Technology In the last year. It is a trending stock that is worth watching.
On 2023-10-02, Micron Technology (MU-Q) stock closed at a price of $67.96.
Our PAST TOP PICK with MU is progressing well. To remain disciplined, we now recommend trailing up the stop (from $52) to $61 at this time.