Micron: Inflection Point Has Finally Arrived (Rating Upgrade)

Summary:

  • Micron stock has recently collapsed into a bear market and underperformed its semiconductor peers.
  • Investors likely overhyped MU’s AI thesis while understating the cyclical and commoditized risks of the memory industry.
  • Micron’s AI growth story is still in the early stages, suggesting potential for market share gains.
  • Solid execution is essential, as Samsung has reportedly received clearance from Nvidia for its HBM3E product.
  • I argue why MU’s inflection point has finally arrived, as the market has turned too pessimistic on its multi-year growth thesis. Read on.

Micron Technology Inc. One of american leader in semiconductor devices, dynamic random-access memory, flash memory, USB flash drives, solid-state drives.

vzphotos

Micron Stock Plunged Into A Bear Market

Micron Technology, Inc. (NASDAQ:MU) investors who ignored my caution about the potentially higher cyclicality and commoditized nature of the memory industry have likely learned their lessons. Since topping out in June


Analyst’s Disclosure: I/we have a beneficial long position in the shares of SMH, NVDA either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.


A Unique Price Action-based Growth Investing Service

  • We believe price action is a leading indicator. 
  • We called the TSLA top in late 2021.
  • We then picked TSLA’s bottom in December 2022.
  • We updated members that the NASDAQ had long-term bearish price action signals in November 2021.
  • We told members that the S&P 500 likely bottomed in October 2022.
  • Members navigated the turning points of the market confidently in our service.
  • Members tuned out the noise in the financial media and focused on what really matters: Price Action.

Sign up now for a Risk-Free 14-Day free trial!

Leave a Reply

Your email address will not be published. Required fields are marked *