Micron is a trading play, not an investment
Micron is highly attractive for short-term traders following its 30% pullback, but remains too cyclical for long-term investors.
The argument
The hosts argued that semiconductor cyclicals like Micron look cheapest (low single-digit multiples) right when earnings are peaking, which often deceives long-term investors before earnings evaporate.
The thesis, stress-tested
✓ What validates it
- ✓A peak or reversal in NAND and DRAM contract pricing
- ✓Short-term technical momentum indicators confirming a local bottom
▸ Risks discussed
- ▸Memory pricing cycles could peak sooner than expected, hurting short-term traders
- ▸Structural AI demand could extend the cycle longer than historical patterns suggest
Hear it yourself
"They're gonna grow earnings 74% this year, 30 something percent the following year. Alright. So it's a good supply with Josh. Sub 20 multiple. So I've got What are we doing?"
00:00 / 00:14
AFFILIATE LINK · ZORTIX MAY EARN A COMMISSION · NEVER A RECOMMENDATION TO TRADE