Micron Stock Forecast

[anuragt]

Memory chip boom is over. Wherever I post this I get the hatred. It's like nobody is wanting to see the truth.

Actually boom is not over. Because chip demand is there. Just the hyperbolic demand that is made by AI is coming to an halt I suppose.

[joycer]

https://www.barrons.com/articles/micron-...f-e64a807e

Micron Stock Is Leading a Brutal New Chip Slump

-Micron stock fell sharply Tuesday, following a 2.3% decline on Monday.

-Other big decliners in the tech sector include Sandisk and Western Digital.

-Stocks turned sharply lower following reports that a Chinese company is producing key chipmaking machines.

As I mentioned demand will always be there. But it looks like AI hype is going get hit hard. Specially the Chinese competing with ASML. Now I knwo they are not the cutting edge but still.

[anuragt]

Micron is at $739 now.

Almost around 10% it is falling day by day. It rose to these heights at the exact the same way. Chinese are making everyone nervous.