Jul. 15 at 7:10 PM
$MU $MUZ
In the last 6 months since I've owned
$MU, the death of Micron has been confirmed on at least 8 occasions, because:
1) Memory demand peaked 6 months ago
2) NO HELIUM! (remember that? Because of strait of hormuz blockade 🤣)
3) Google Memory Algo is 6x more memory efficient
4) AI is in a bubble that's about to burst
5) Chinese Memory Makers about to flood the market
6) Hyperscalers are scaling back
7) Hyperscalers have over-built AI capacity
8) DRAM Prices are falling!
In the meantime, Micron revenue has gone from:
-
$13.6 Billion in Q1
- UP 75% QoQ to
$23.8 Billion in Q2
- UP ANOTHER 75% QoQ to
$41.5 Billion in Q3
And expected to go up to
$50.7 Billion in current quarter, up 350% year-over-year!
I'm starting to think that the people predicting Micron's death might not know what they're talking about. But what do I know!?