Been thinking of buying MU, I ran it trough my basic filter (see below and why) and I believe it will hit 1300, lmkwyt
* Forward PE good, 6
* Moving averages. pullback this week (\~20% off the $1255 high) has it sitting near support instead of stretched.
* IV30 is at a level I'm comfortable on,
* Record quarter (revenue +346% YoY, GM \~85%), Japan HBM expansion, GM supply deal. Street avg target \~$1,486, I'm deliberately going under that at $1300. That's my strategy, hold till 1300 then dump
The thing bugging me**,** is burry's short and the AI bubble argument. If DRAM pricing rolls over, the fixed-cost base cuts both ways hard. But I don't see the pricing crack yet, Samsung is doing pretty good and I believe MU has still a lot of growth up ahead!
What do you think, would you invest in MU?