$MU will crush earnings. My view.
Posted: Jun 26, 2024
- Stock ticker for Micron is $MU - Micron has a negative trailing PE of -41.24 - Despite this, it has a 70% gain based on positive cash flow - Micron is believed to have the best HBM memory - Samsung turns to Micron for memory chips despite being a competitor - Micron is building a chip fab in the US to increase production and revenue - Micron's HBM capacity for 2024 is already sold out - Micron aims to capture 20-25% of the HBM market share by 2025 - P/E comparison shows that QCOM should be trading near $300 - Micron has catching up to do in the AI/Chip sector compared to companies like NVDA and QCOM.
🚨 Reddit sentiment: negative - Most of the comments are mocking or criticizing the original post’s assertion about $MU crushing earnings. Summarized comments: - TL;DR: Micron has a negative PE of -41.24 but it's considered cheap. AI is the future and Micron's memory is crucial. Samsung prefers Micron over their own chips. The advice is to buy and hold and disregard bearish sentiments. Stock tickers discussed: $MU
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