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Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Madharry who wrote (78158)	9/30/2025 11:01:14 AM
From: Elroy	1 Recommendation Recommended By Lance Bredvold Respond to of 78462

MU is already rebounding nicely after a very strange response to a stellar earnings report and guidance. MU has historically been cyclical with booms and busts. Recently they've got an AI exposed segment (High Bandwidth Memory) that is just a "Boom for years" segment. Also as DRAM has consolidated from many global players down to three companies (MU, SK, Samsung) it's busts are much less pronounced than before. So only their least interesting segment (NAND) remains boom and bust. Sellers are still trying to call the peak of the old Micron, and selling the good news because weak news may follow within a year. But HBM is just going up for a while, DRAM is a highly profitable business with minimal competitors compared to history, so those two segments deserve a stable high PE, but the market hasn't adjusted to that view yet. However, the entire AI space is looking for a slowdown to sell the AI stocks, but whether a slowdown is coming, or not, remains unknown........