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Technology Stocks : Semi Equipment Analysis
SOXX 302.00+2.6%Nov 10 4:00 PM EST
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To: Return to Sender who wrote (93384)11/21/2024 1:27:56 PM
From: Elroy2 Recommendations

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Return to Sender
Sam

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I bought some MU the other day on the theory that it will run higher into it's earnings release, due in about a month.

So far, so good.

MU - with increasing sales of HBMemory, seems like it may become less of a memory cyclical and perhaps more of a partially cyclical and partial growth story. If so (and it can get a decent PE at the peak of the memory cycle rather than a 6x or 8x, then it seems like it has plenty of upside.

I think the era of Samsung and SK Hynix growing DRAM capacity like crazy, and ruining the industry for a year or two, is hopefully behuind us, but the stock prices think it's still with us.

MU seems sorta cheap compared to lots of semi stocks, and if HBM is just going to grow and grow and not go through major price pressure (like DRAM and NAND) maybe MU deserves a higher multiple.
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