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Micron: Elon Said Thanks, I'm Still Saying Hold
Seeking Alpha • • business
Key Points:
- The analyst maintains a "Hold" rating on Micron Technology, Inc., unchanged since June, despite recent increases in hyperscaler capital expenditures benefiting related companies.
- The analyst believes part of the hyperscalers' increased budgets is due to rising memory prices rather than higher memory consumption, noting that Micron's record profit margin is driven more by standard server memory than high-bandwidth memory.
- The recent surge in CMXT stock price adds short-term noise, but the analyst doubts the oversupply narrative for memory holds true this year.
- The author emphasizes a speculative, thematic investment style focused on growth and momentum, with a high-risk tolerance and a preference for mid- to short-term trades.
- The article reflects the author's personal opinions and is not financial advice; readers are encouraged to conduct their own research and consult professionals before making investment decisions.
