May. 13 at 10:59 AM
$MU $DRAM $SOXX $SOXS Tomorrow brings the biggest IPO the semiconductor world has ever seen: Cerebras. If this IPO is as successful as we think it'll be, and if the media starts talking about Cerebras' system architecture as we think they will, a sharp and sudden drop in memory stocks should occur by the end of the week. We're advising anyone with big profits in names like
$MU to lock in some gains now. There's a very good chance that valuations on memory names will get hit hard as "out year" demand comes under scrutiny as the Cerebras story unfolds. Longs may not like our take, but being ahead of the curve on our trades is the reason why we've been so successful over the years. Follow and subscribe to our posts so you don't miss our next alert! 🎯
