Head of investment strategy at SoFi
Member since: Feb '22 · 38 Opinions
Demands is outstripping supply, driving prices up. Is this the right time enter a stock that's up so much (220% this year)? No technician will say it is. That said, the fundamentals support MU right now. Twelve months from now, capex can continue at this clip, though she is skeptical earnings can continue to grow 20-30% every quarter. Semis need a cooling off period.
She's been holding onto this since it was flat, but now it's rising which is sticking because there's optimism in tech and healthcare. This rotation into HC has been stable and durable. HS will be one of the next big beneficiaries of AI, but the cost of AI has to fall first. It will take a little while, but you are paid to wait. Enter HC now.