All of Micron’s factory production capacity has been sold out, yet the stock fell nearly 5%. $MU is now at 881.65, with a trading value of 537 million. That much trading means there’s a fierce debate.
As for the news, it’s the same old refrain: “all AI capacity is sold out.” The problem is that the market has already priced in this kind of good news. Being sold out doesn’t matter; what matters is whether people can still see growth ahead.
As far as AI demand goes, I still believe in it in the short term. This looks more like a pricing adjustment, not a trend reversal. If it falls below 870, then it means I was truly wrong about this call.
That’s all the data.
#MU #News
As for the news, it’s the same old refrain: “all AI capacity is sold out.” The problem is that the market has already priced in this kind of good news. Being sold out doesn’t matter; what matters is whether people can still see growth ahead.
As far as AI demand goes, I still believe in it in the short term. This looks more like a pricing adjustment, not a trend reversal. If it falls below 870, then it means I was truly wrong about this call.
That’s all the data.
#MU #News