Sell MU by Dec 31, 2026.

Coming from a phenomenal quarter, Micron has just had the greatest year in its history, and it has beaten the test I set in July. I still think the market is making the oldest mistake in the memory business: treating the top of a shortage as the new normal. Let me say where I stand before I say anything else. I think Micron’s extraordinary year is the peak of a cycle, and I think the market is pricing it as …