Aug. 1 at 3:29 AM
$MU
So MU drops because Samsungupdate is weak sauce on NAND and DRAM and still flailing on getting into the elite HBW memory queue? The stock was already stupid cheap -- as if it is still a NAND/DRAM cyclical sow with the slow uptake happening so far on enterprise/retail Ai desktops...
However, though the street doesn't yet appreciate what is happening, MU is no longer the fatty cyclical sow it was for years... BUT a rerating is overdue now. MU has already grabbed 25% share of the HBW memory business (high price and margins) and is the reference architecture on NVDA's monster demand Blackwell and Rubin chips with the latter running at twice the production they had first Q now per reports.
btw, on performance, MU's new HBM chips are best in class and they will imo continue to grab mkt share (higher revs, margins/eps/FCF). all that aside, today was S!
I will be adding more to my 35k shares, and writing some otm puts for the quantards pressing their short bet here.
