Micron’s (MU) Epic Good News For AI Chip Stocks - Time to Buy Now?

[@jordanlover23]

I bought 100 shares based on the earnings and even though results exceeded mid-line expectations, the stock dropped $10 (8%) after the earnings call. Supposedly because investors were expecting even BIGGER gains/projections. The market is nuts.

[@codymercurio910]

The traders dumped, long term thinkers/investors buy when the traders push down the price.

[@pedrogonzales6117]

Just discovered this show and you two as presenters. LOVE the material. Thank you for your service! 😊

[@chipstockinvestor]

Thank you, and welcome!

[@kylepang5547]

CSI: Micron. Another great podcast. Kudos to the CSI duo!

[@shannonoliver7992]

What a great show! I loved the balanced views on valuations versus short term profit taking. And you’re likely right, most retail investors are interested in gains, versus acquiring a long term business at a reasonable price/valuation. I love your focus on acquiring great businesses for the longterm. I’m happy to stay out of the parabolic trades. I’m not smart enough to know when to exit positions and take profits. It’s hard enough staying with a good business and thesis when the markets are down. Kudos to you both for acknowledging and addressing this issue.

[@hiddenedgepod]

Great videos you two. Always standing out from the KZbin channels!

[@julielaw520]

GREAT analysis, so glad I found you guys! Gonna revisit your Pure Storage video now. Tfs!

[@sanjesco]

Excellent, thanks,

[@rossmccannell8689]

This was excellent as usual. Thank you. I know there is less interest because its somewhat difficult to invest in for many, but I'd love to see a video on SK Hynix!

[@chipstockinvestor]

Thanks for watching Ross! We don't have a specific SK Hynix video on our calendar, but maybe we'll get to it one day.

[@futurpunkx7192]

Thx for the video, rly helpful. Is there any chance, that u can make a video or series about Humanoids-robots-chips: so which chip-companies could benefit from that.

[@bigmountain19]

Off topic. It would be interesting to hear your thoughts on whether you believe the smart phone upgrade cycle especially around apple ai announcements will accelerate in 2h and what implications that has for qcom and others in that space

[@sandeepjamkar]

Peps I vaguely recall you mentioning in one of the videos that you have made one explaining different types of memories. If I am right, then can you please tell me which video it is?

[@CrescendoKeysChannel]

It went down almost in half since this video. Can you give some comments in retrospect about why your predictions didn’t end well? Appreciate it!

[@ARIK.R]

You didnt show CAMT

[@azulsimmons1040]

I've seen MU rise and fall so many times. You could have bought this at 50 not too long ago. Now it is shooting up again.

[@chipstockinvestor]

It's a wild stock!

[@jr0812]

That's an interesting observation: Q2 2024 metrics appear to be similar to that of 2023. However, the stock has increased significantly. What a hype due to AI or confidence for an AI play.

[@ducminh7568]

bought the dip at 131 today

[@sidewinder34E]

Oops

[@ducminh7568]

@@sidewinder34E I sold long time ago at 120

[@MegaHowtoMan]

What are thoughts on USD 2x Semiconductors etf. 138 today.

[@chipstockinvestor]

Leveraged ETFs are not designed for buy and hold, they disclose this on the front page that it's for daily trading

[@shannonoliver7992]

@@chipstockinvestor Your response was kind. These leveraged ETFs are going to hurt a lot of retail investors chasing gains.

[@sirus312]

industry specific levered etfs are tricky. 2x QQQ/SPY have done well over time.

[@jonathanlaue3460]

Selecting too many chip stocks in a portfolio is a mistake. Aside from the fundamental winners with diverse business models (Nvidia, Broadcom) it’s boom or bust depending on cycles. Pick a handful of winners only and diversify more into other areas of the market. As for Micron, I don’t invest in companies at a loss and without good P/E’s. Free advice 😊

[@positvechao]

Pretty much what im doing. And choosing a semiconductor ETF will help with the stocks that you didnt pick.

[@LOGLISCICRISTIANO]

P/E alone doesn't mean anything

[@anonymousanonym450]

what loss

[@orthodoxserb6596]

The story about HBM was known already in 2Q24

[@jr0812]

News : SK hynix Inc. Developed PCB01, an SSD product with the industry's best specifications for on-device* AI PCs. The product marks the first case where the industry adopts the 5th generation of the 8-channel PCIe. PCB01 is the first of its kind.

[@UziGameGP]

South korean products will be smashed by US tariffs

[@Antilli]

As a technicals guy, this has a forming gravestone doji on the monthly chart. Right now is the worst time to buy.

[@UziGameGP]

If Micron is expensive valuation wise, than all chip stocks are overvalued even worse than Micron. Next year Micron will do 12b+ revenue per quarter with higher margins. More than AMD, Qualcomm and similar to Broadcom. All of these much bigger market cap than Micron, and much slowe growth.

[@robertwilliam9558]

Anyone buying AVGO before the stock split?

[@ndalal100]

Watching it. Wouldn’t mind buying at $1500 pre-split.

[@KenjiEspresso]

Just SMH. I have no balls lol 😂

[@julielaw520]

Holding what I already had but I would buy before if I didn't have any...its a long -term winner IMO.

[@robertwilliam9558]

@@julielaw520 I bought 2 shares today. This seems like a good long term play.

[@iangantner6976]

I’m not sure what the rush to buy before the split would be.. in this market. A split changes nothing fundamentally, but does change liquidity. Therefore, you would be trading on technical levels, not on any significant change in the company. There is too much time until the split and the chart doesn’t look great. It’s only slowing on the descent as of now. It could just as easily be 10% lower or higher before the split which would could negate any pop you may see. If you love it, buy it when you’re ready, but don’t let the split make your choice. That’s nonsensical for a long term position and not a justifiable technical reason until that chart changes.

[@justsomecanadian]

If you're not first you're last.

[@chipstockinvestor]

Lol true