Kipbana commented on a stock · Nov 21, 2024 22:49

Rebounce time!

$Micron Technology (MU.US)$ time to return to 104-108 Bought off the bottom.

After gaining clarity on the growth of AI, it is clear to investors that AI compute power is very much in demand. The lofty demand is also tampered by the weakening consumer industry earning calls.

Unlike the previous call where we saw several consumer giants were still doing well, this earning call show a concerning weakness in this sector.

When growth is limited in this environment, investors are more contented with the healthy dose of growth from the semiconductor industry than before.

With the added clarity, we expect the semiconductor companies to pare their losses by December.

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Kipbana

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