Micron Technology Inc (MU) Quote

" The major profits have been made ". Think they said that about AMZN when it was selling books .
Don't know if U use Bloomberg but theres an interesting interview ( to me at least ) with Mark Zuckerberg up in Lake Tahoe discussing AI
https://www.bloomberg.com/news/videos/2024-07-23/inside-mark-zuckerberg-s-ai-era-video?srnd=homepage-americas

Kiwi

You sound like a parrot!! Lol 😂 Of course it's the beginning of AI!! The major profits have been made!! Unless you have 30 years to wait around for it!!

Well thats what makes a market ...you apparently are a seller or have sold ...I'm buying at these levels .
If we drop 20% from here I'll concede you were correct .
Far from AI having had its turn ( your view ) IMHO it's just getting started . There will be set backs etc but as an example ..I use AI instead of Google for all my research now . Doubt I'll be going back to Google

Kiwi

Again the AI sector is overbought and has yet to be tested!! The whole market doesn't have to collapse!! AI had it's turn!! Big money is moving out of tech!! Tsla will be the first domino and nvda and the AI sector will be next!!

OK tell me your views on the market ...since you apparently don't think AI is relevant .
MU is technically very oversold ...especially looking at the RSI
Fed will lower interest rates and provided they don't delay to long , the markets are unlikely to collapse .
JMO
Kiwi

Your talking about AI and I'm talking about the market!! Checkmate!! Watch and learn!!

Your talking about AI and I'm talking about the market!! Checkmate!! Watch and learn!!

Well if U used AI ...in this case a Perplexity search run thru MU chips in a data center ...your information would be more detailed and accurate
The internet has been around in various forms for over 50 years. Its origins can be traced back to the 1960s, with significant milestones marking its development:
1965: The first two computers were connected using packet switching technology at MIT’s Lincoln Lab, laying the groundwork for networked communication.
1969: The ARPANET, the first widely used computer network, was launched, connecting four universities and establishing a method for computers to communicate.
1974: The term "internet" was first used in the context of the Transmission Control Program (TCP), which later evolved into the TCP/IP protocols, foundational to modern internet communication.
1983: January 1, 1983, is widely considered the birth date of the modern internet, when ARPANET adopted the TCP/IP protocols, enabling different networks to interconnect.
1989: Tim Berners-Lee invented the World Wide Web, which revolutionized how information could be shared and accessed over the internet.
1991: The World Wide Web was introduced to the public, significantly expanding the internet's use beyond academic and research institutions to the general public.
Since then, the internet has grown exponentially, becoming an integral part of global communication, commerce, and daily life.

As for this sector yet to be tested ?
What do you thinks been happening since ChatGPT was launched late 2023
JMO
Kiwi

The net was around since the 80"s!! Took a long time to catch on!! If it wasn't for social media it would still be for nerds only!! This sector has yet to be tested!! Nothing just goes up without it!! Stick around you'll see!!

Same was said of the internet back in 1995 . MU leads in data centers ...and while their development may be uneven due to large tech capital spend adjustments ...they are still being built at a rapid clip .
JMO
Kiwi

The AI was overbought just like every other fad!! No one knows what the true worth is!! Time for it to come back to earth 🌎!!

MU is very technically oversold . If it drops another 20% from here I'll agree with your analysis .
The AI play was a very crowded field . The recent drop would have triggered a lot of stop loss's ...so we'll see if the selling exhausts itself over the next few days .
The AI story is still intact and MU is a major player in that story .
It will never be a straight line from lower left to upper right .
JMO
Kiwi

Looks like you jumped in a bull 🐂 trap!!

That's cool!! We'll see!!

I have a position in NVDA . Just think the sell off in MU is overdone .

Kiwi

Suit yourself!! Nvda is the big dog and all others will follow!! Nvda will test 💯!!

This sell off / purge looks a little over done
Buying here at $110 ....will see how this post ages :--)

Kiwi

When I saw your post I sold for a 300 buck loss!! Knew it was doomed!! Lol 😂

Bought the July 140 calls just now!

Anything happening here?

How much lower Monks?

MU 10Q expected Wednesday 6/26

MU new 52 week high

Gotta Love that!

17000 SHARE BUY $$$$$$$$$$$$$$$$$$$$$$$$

NLST;)$$$ mycrap lost the fight and now has to pay $445 million plus royalties!!!

Headcrack

Good news today, so of course we start to get hit like AMD and INTC. Hope NOT to lose this 20%, but this damn market

While we are at with birth dates Bill Gates, Steve Jobs and Bill Joy were all born within six months of each other in 1955

Close to the same age as you. Born in 1953

I am busy posting new highs and new lows plus earnings report due 4/4 and 4/5
I would not doubt DELL has rallied this afternoon
The latest BS newsletter I received this morning was about US stocks being priced to perfection while Euro and Chinese stocks represent good undervalued bargains
Get em while they can be had on the cheap is the teaser message
In my view I figured the US economy would recover from the Covid pandemic only it wouldn’t happen overnight
After buying $50,000 each in the popular indexes: DIA, SPY, QQQ, MDY IWM IJR I started buying individual issues beginning in 2023
I bought issues making new 52 week highs and continued throughout 2023 to the point I have positions in over 100 companies
Most are mature companies in business even before I was born in 1952
The US economy is the most resilint economy on the planet

I know Monk, isn’t it crazy! Also DELL is going nuts.

MU new 52 hi

Yep

MU new 52 hi

MU new 52 hi
Next day settlement begins 5/28 per SEC mandate

Great companies

And I
I also have shares of NVDA, QCOM, KLAC, ONTO, LRCX, ASML, TSMC, SMCI

Thanks Monk. I own and love MU.

MU new 52 hi

Early Barchart 100
https://www.barchart.com/stocks/performance/percent-change/advances?orderBy=percentChange&orderDir=desc

NOW, let's hope that the MMs don't run it into the ground. I have other stocks that had great earnings. 24 hour pop and then daily red forever. Hoping this is next big explosion like NVDA, even though this has been it's range for a long time.

Nice pop on $MU after earnings

Just got in......let's go great earnings!!!!!

MU new 52 week high

https://finance.yahoo.com/news/micron-starts-mass-production-memory-134418085.html

NLST:)$$$ mycrap gunna pay!!!

Abandon ship. Abandon ship lmaooo

NLST patent infringement lawsuit against mycrap

What does this have to do with $mu?