By Nigam Arora & Dr. Natasha Arora
Signal(s) to enter, add, reduce, exit, hold or change.
Micron (MU) is long from $21.77. It is trading at $94.63 as of this writing. This represents a 335% gain.
AI
Micron is a maker of semiconductor memory. Demand for high bandwidth semiconductor memory is rapidly increasing due to AI.
Risk
Even though the demand for high bandwidth memory for AI is increasing, the bulk of Micron’s business is still traditional memory. Traditional memory is a commodity business with three major players: Micron, Samsung (SSNLF), and SK Hynix.
Pricing in the commodity memory business depends on what these three players do. Prices of commodity memory can fluctuate wildly, impacting Micron earnings.
Core Position
For those following the Good Way, the Buy Now rating is NO.
For those following the Best Way who are aggressive, the buy zone is $78.02 – $87.56. For those who are not aggressive, the buy zone is $71.31 – $77.88, but due to the AI frenzy, the stock may not dip that low.
The maximum recommended quantity is 20%.
The very long term target zone is $132 – $136.
Trade Around Position
The system is close to giving a signal on a Trade Around Position. Trade Around Positions are a billionaires’ technique that dramatically increases rewards while reducing risks. To learn more about Trade Around Positions, see the Trade Management Guidelines.
What To Do Now
Those in the stock may consider continuing to hold. Those not in the stock may consider following the parameters given above.
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This post was just published on ZYX Buy Change Alert.
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Nigam Arora
Nigam Arora is known for his accurate stock market calls. Nigam is a distinguished master of the macro. He is a popular columnist with over 100 million page views, an engineer, and nuclear physicist by background. Nigam has founded two Inc. 500 fastest growing companies and has been involved in over 50 entrepreneurial ventures. He is the developer of Theory ZYX of Successful Change Management and is the author of the book on Theory ZYX, as well as the developer of the ZYX Change Method for Investing.
Dr. Natasha Arora
Dr. Natasha Arora has significant expertise in investment analysis especially biotech, healthcare, and technology. Natasha is a graduate of Harvard Medical School followed by a postdoc at MIT. She has published several peer reviewed research papers in top science journals.
