What's so good about Micron Technology (MU)? Legendary value investor Li Lu has MU as almost 48 percent of his U.S. value portfolio. Monish Pabrai has MU as almost 48 percent of his U.S. portfolio. David Tepper has MU as almost 10 percent of his portfolio.
Micron Stock Is Worth a Look Again After Semiconductors Surge https://investorplace.com/2021/11/micron-mu-stock-is-worth-a-look-again-after-semiconductors-surge Looks like it's going to smash through the 50 day SMA. Support is around 61-66. Perhaps it was the introduction of a dividend. https://www.nasdaq.com/press-release/micron-initiates-a-quarterly-cash-dividend-2021-08-02
Nothing special about MU. Since Apr, has been a group laggard. May have "catch-up" potential, however.
It is the only surviving wafer fab making memory chip in the US many wafer fabs tried to be profitable in making memory chips but they failed.
%% Dont know/ except its old gold brand + still elephant stampede volume of 88 million -77+/ million per week.......................................................................................
Its traditionally a real dog. It trades like a gold miner -- it follows the commodity price for RAM and other memory chips. RAM prices have been falling since the summer -- its down to $50-$60 for a 16 Gb DDR4 RAM stick. It might do well in the coming cycle if the new DDR5 RAM takes off. The latest Intel LGA1700 chipset supports both DDR4 & DDR5. I'm sure the next Xeon platform will support this so that could be worth a lot for them.
Well, I bought some Micron yesterday and optioned it today. I'll share my trade, then tell you why I am OK with it...Not really in love with it. This was in my Roth IRA. Bought 100 share of MU at $76.92...Today I optioned the Sept 22 $80. I got $9.20 ($920.00) for the option. As I have said before, I don't know where to put excess money. I could go down the list; market, bonds, CD, ect...Nothing looks good. I use to own Micron about 20-25 years ago. It really has not been on my radar...Chip companies being so high priced. Here is what sealed my buy...And again just 100 shares, with an option. I was talking to my neighbor. He is Assyrian and was raised in Iraq. He was in the Iraqi Army for both Gulf War 1 and 2. Later, he became an interpreter for the US...Was able to move to the US in the 1990's. We started talking about Taiwan. He really believes the US/Australia will hand over Taiwan with out a fight. Yeah, there will be saber rattling, but in the end, the US WILL NOT go nuclear over Taiwan. When you think of computer chips, you think Taiwan. MU has a plant there. But MU is also spread out around the world with their plants. Again, not totally in love with this company. But, the option money gives me a cushion for a drop in the stock price. If it gets call away...I am fine with that. I did spend days chewing on the China/Taiwan situation...It was not on a whim. In the end, I am OK with the move. I did read what was on this thread, but it had no influence in the trades...
Tech war: China says Micron chips pose ‘severe cybersecurity risks’, effectively banning the sale of its products The US chip maker failed a cybersecurity review, making its products prohibited for sale to China’s critical information infrastructure operators The ruling will effectively erase a market that contributed about 11 per cent of Micron’s total revenue of US$30.8 billion in 2022 Che Pan in Beijing + FOLLOW Published: 7:00am, 22 May, 2023 _________________________________________________________ China can probably make high-end memory chips. Or they can get it from somewhere else.