I bought 3k of MU today:
https://preview.redd.it/hig8zxu5jrlg1.png?width=960&format=png&auto=webp&s=9e891d2c6ce6777efc24b3e2fad9b70f0b0cb0a1
My thoughts on MU:
Multiple data sources cite an 'extreme, AI-driven memory/storage shortage' benefiting memory suppliers like Micron. Rising memory costs are pressuring PC makers (HP) and driving hyperscaler CapEx increases, supporting demand and pricing power for memory chips.
Overall Market Thoughts:
* Nvidia earnings are the central market event with high stakes: multiple videos emphasize investors expect a beat-and-raise but worry upside is limited given flat stock performance and elevated expectations. Hyperscalers raising CapEx 30-60% signals strong AI infrastructure demand, but sustainability questions and valuation concerns persist.
* Enterprise software sector faces AI disruption fears: a broad 'sassacre' selloff hit names like Workday, Salesforce, and Snowflake on concerns that GenAI could erode moats and reduce switching costs. Analysts debate whether this is overblown, but near-term pressure is real as customers shorten contracts and reassess spending.
* Tariff uncertainty remains elevated despite Supreme Court ruling: Trump signals intent to pursue alternative legal authorities for tariffs (10% baseline, potentially 15%+ via Section 301), creating ongoing volatility for trade-exposed sectors. Market participants see this as a prolonged headwind for global equities and certain industrials.
* Bitcoin and crypto under pressure with worst monthly decline since 2022: Bitcoin below $64k with \~$4B ETF outflows over five weeks, miners liquidating reserves, and structural headwinds (reduced stablecoin supply, weak capital inflows). Circle's stablecoin growth is a bright spot, but broader crypto sentiment is bearish.
* Rotation toward value, small-caps, and international equities gains momentum: strategists argue mega-cap tech looks expensive on relative valuation (PEG ratios) while defensives, value, small-caps, and non-U.S. markets offer better risk-reward. Memory/storage shortages (benefiting WDC, STX, MU) and AI infrastructure plays beyond Nvidia are highlighted.