Mar. 21 at 8:21 PM
$MU While people are busy speculating about the memory "cycle" and when the cycle will end,
$MU is making money. Real money. Tons of it. Think about this,
$MU is guiding to making
$33 billion next quarter.
The first time
$NVDA made 33B in a quarter, their market cap was between
$3.3 and 3.4 TRILLION.
$MU has a market cap of 500B.
Huang calls memory shortage "severe" and Musk spoke with concern for memory shortages still happening in 3-4 years. By that time, even if the cycle ends, Micron will have made hundreds of billions of dollars. And with the onset of robotics, autonomous vehicles, etc., there is a real case to be made that this is not a memory cycle. It may be the new normal in an AI world. In that case, Micron will make even more.
It seems like many are overthinking this.
