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Micron Technology, Inc. (MU)
NasdaqGS - NasdaqGS Real Time Price. Currency in USD
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158,232 reactions on $MU conversation
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After 2 years of owning MU, I decided to close out my position yesterday. A lot of cash tied up with little gain. I didnt play this one right from the start...
Im hoping I was the bad luck here and MU will soar for you beyond patient longs. GLTA
$AMD releasing a new GPU today. Look for $MU memory to be inside the discrete graphic cards. Especially if it is proprietary memory like GDDR6x. Should boost micron nicely if this happens
the entire market is green in pm except mu. it would have been nice to have a warning eh longs... o wait you did have a warning. from the stockgod
As a strong Micron long I just loved today and feel better than ever that 65 and higher will happen in the next couple of months. Micron's recovery after the weak-kneed Robinhood, basement dwellers capitulated this morning with the market wide sell off, Micron came back significantly to set up a big week on the positive side. Those that sold this morning will feel miserable by early tomorrow and downright apoplectic by Thursday. Sorry but you have to learn.
AMD can have 100 billion market cap, NVDA 300 billions. MU is more profitable and prove so during down cycle.
With the Intel NAND unit sale, maybe Sanjay will get his reduction in NAND capex for 2021. Hard to see where SKH will get $7Bill to pay Intel and be able to spend billions on capex.
Per the WSJ: Intel Nears Deal to Sell NAND Memory Unit to SK Hynix
ntel Corp. is nearing a deal to sell a memory-chip unit to South Korea’s SK Hynix Inc. for roughly $10 billion, in a move that would reorient the semiconductor giant away from an area of historical importance that has become increasingly challenged.
The companies are discussing a deal that could be announced as soon as Monday, according to people familiar with the matter, assuming the talks don’t fall apart at the last minute. Specifics of the transaction, including exactly what SK Hynix would be buying, couldn’t be learned.
Micron Readies World’s First Multichip Package With LPDDR5 DRAM
MU back to $62 before December 1 2020, or EOY 2020. Which means that if MU at it's trough, then we could see MU be $75-90 in 2021 as EPS start to rise. A lot depends on the adoption of 5G, mobile CP and iPad growth, car growth, PC growth - you know. Time will tell, But I think there is a very good chance the MU will reach a new all time high (above $63) within 2-4 months. Not counting the 2000 all time high of ~$90, that was a different time and company. But I do think MU could reach $100 again within next 12-16 months.
Cramer just mentioned to Buy WDC because there will be less competitors which means NAND prices will go up and stabilize. It's good for WDC NAND and MU.
PC memory supply falls short of demand
Micron upgraded to Buy from Hold at Deutsche Bank Deutsche Bank analyst Sidney Ho upgraded Micron to Buy from Hold with a price target of $60, up from $51. The analyst says that the memory market looked to be heading into a "multi-quarter correction", but his latest industry checks suggest that DRAM demand has increased in both mobile and server markets. Ho adds that Q4 will likely mark the trough in the cycle, leading to some price increases in Q1 of 2021.
So why did MU not buy INTC NAND? MU has $4B cash to start with and room to borrow. Why let S.K. Hyndix buy it from INTC. I think it is obvious that MU new about it and the inside information because they have had such a great business partnership. So MU would have known the pros/cons.
Tesla PE according to Yahoo : over 1000 !!! with 300M$ earnings.
Micron : only 22 when it is at the bottom of the cycle (earnings) with 3B$ earnings.
Average earnings of MU over the 4 years = 7B$ so the company should be valued around 2,6 times more at a SP of 139$ now.
So there is definitely room for improvement.
If INTC sells the NAND business to Hynix for 10B and pays off debt, that leaves 4B in debt vs 55B in total assets.
Off-topic Biden’s suggestion to tax contributions to 401k accounts may have profoundly negative consequences to US stock market. It would, essentially, disincentivize folks to invest in market on large scheduled basis.
Intel-Hynix deal finalized. All-cash deal. Hynix pays $9B for all Intel memory business, except Optane. However, Dalian plant that was rumored place for Intel to make Optane, switching from Micron’s Lehi, is part of the deal and will be owned by Hynix.
MU is way undervalued giving its profitability during down cycle
) covers stocks like MU in their research. You should check it out.
Hyperscalers going on DRAM buying spree again. First was Amazon reported on 9/30, now Microsoft.
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