December 21, 2023

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.

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SURPRISE RESULTED IN THIS MARKET MECHANIC CAUSING A SELL-OFF BEFORE TRADITIONAL SANTA CLAUS RALLY

By Nigam Arora & Dr. Natasha Arora

To gain an edge, this is what you need to know today.

Market Mechanics Surprise

Please click here for a chart of S&P 500 ETF (SPY) which represents the benchmark stock market index S&P 500 (SPX).

Note the following:

  • The chart shows a sell-off yesterday.
  • The chart shows the sell-off brought the stock market below the low band of the resistance zone.
  • The chart shows that this morning the stock market is rallying again in the early trade and is back to the low band of the resistance zone.
  • The chart shows that RSI was very overbought, and thus the stock market was vulnerable to a sell-off when a surprise occurred in market mechanics.
Please click here or the title below to read more.
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AI is power hungry. Investors will make a fortune from nuclear power for AI.
Get the list of 12 nuclear power stocks to grab your share of the profits.

AI is power hungry. Investors will make a fortune from nuclear power for AI.

Get the list of 12 nuclear power stocks to grab your share of the profits.

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