$Micron Technology (MU.US)$ Phew~ Finally ended slightly hig...
Phew~ Finally ended slightly higher than the previous day. Looks like it's going to be a long battle. From last weekend, there have been countless positive articles about Micron stock in the U.S. stock-related columns, saying it's unbelievably undervalued! It's the perfect time to buy, buy!! But on the contrary, it keeps gradually declining. Maybe we're finally seeing signs of a turnaround??
This will test our patience.
Bad news about competing companies, including South Korean companies, have been popping up in South Korean newspapers. Competing companies SK Hynix and Samsung are facing a shortage of traditional memory products and an expected increase in prices. Due to the slowdown in PC, smartphone, and home appliance sales, the trend of falling prices and excessive inventory of traditional products seems unfortunate but certain. Both companies' stock prices are in a considerable slump.
However, there is currently strong demand for high-priced latest memory products for AI, and their sales are booming. The future acceleration also seems certain (especially for SK Hynix).
Just like Broadcom, it seems inevitable that traditional products are holding back at the moment.
Now, what about Micron?
It's a time to endure, endure.
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麦マル : I think now is a good time to do averaging down and buy on a dip. Maybe it's only now that you can buy one share in the double-digit range, right? With Oracle's earnings report yesterday, the value and importance of Micron will be even higher after the earnings on the 25th, right? In any case, the semiconductor industry as a whole is expected to continue to grow from next year to 2026. Personally, I think MU, Nvidia, and TSMC are attractive as long-term investments, not for speculation.
Marvin1986 OP : Thank you for your comment, Mr. Makimaru. It's reassuring! It's a big deal that Oracle's earnings were honestly evaluated by the market yesterday! We hope for a "stingy fatigue".