
289% GAIN ON MICRON – AI BENEFICIARY FROM NVIDIA ADVANCEMENTS AND INVESTMENTS BY MICROSOFT, APPLE, AND TESLA
By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
Micron (MU) is long from $21.77. This represents a 289% gain.
Artificial Intelligence Beneficiary
Micron is benefiting from artificial intelligence (AI). AI needs high bandwidth memory. High bandwidth memory is priced higher, which will benefit Micron.
Micron is also benefiting from advances by NVDA as well as massive AI investments by Microsoft (MSFT), Alphabet (GOOG, GOOGL), Amazon (AMZN), Meta (META), Apple (AAPL), and Tesla (TSLA).
Earnings
Revenues and projections were roughly inline, but the commentary was very bullish.
However, as we have shared with you before, the company is very promotional. … Please click here or the title below to read more.