wesfx
06-04 09:37

Despite reaching all-time highs, some analysts suggest Micron's forward earnings projections may still make it undervalued relative to its forward AI pricing engine.

Micron Breaks $100, DRAM Sells Off: Hold or Exit?
Micron tumbled 7.74% today, breaching the $100 mark and ending a parabolic record-setting streak. Broadcom's disappointing AI revenue guidance sparked valuation concerns across the chip sector, triggering concentrated profit-taking in memory names — SanDisk fell 3.92% and the DRAM ETF dropped 5.75%. Morgan Stanley issued a fresh rating, but post-parabolic pullbacks tend to be swift and deep. After hitting a trillion-dollar high then snapping below $100, is this a dip to buy or a topping signal to exit?
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