$MU is my first stock investment and I didn't see this whole memory opportunity early enough, unfortunately I only discovered Micron at the top, post Q2 earnings, but I was sold and still am comfortable despite being in a loss and here's why:

JUSTIFICATION 1

Soon after I top blasted, someone posted a prediction on X "There has been a significant breakthrough in architecture - specifically around memory efficiency - not by one of the big labs, but by a team that was spun out of OpenAI (not SSI). They will probably announce it soon.". I see my $MU shares dump and I panic but I soon discover Jevons Paradox which nullifies this rumour even if it came into fruition.

The Jevons Paradox is an economic phenomenon where technological progress that increases the efficiency of resource usage ultimately leads to higher overall consumption of that resource, rather than lower. Because efficiency reduces the "effective price" of performing a task, it encourages greater demand.

JUSTIFICATION 2

I am convinced this latest dump can be associated with an end of month, end of quarter and 6 month rebalance, deleveraging that compounded from leverage flushes on Kopsi, and I am aware on previous blowout earnings reported by Micron the stock has dumped 30% and recovered and again I am predicting history repeats itself here.

JUSTIFICATION 3

Trump has also thanked Micron today and last week he has called Micron an incredible company and we all know Trump is never a top signal as we've seen with $INTC, $DELL, $IBM and probably a few others I don't know about.

JUSTIFICATION 4

And from what I understand the $250m donation to Trump accounts by Micron was a chess play just to certainly ensure Apple are never authorised to buy illegal Chinese CMXT chips.

JUSTIFICATION 5

Microsoft has also today laid off 2.5% of their jobs to fund more AI capex so the whole FUD behind capex being cut potentially doesn't make sense to me in this present time.

JUSTIFICATION 6

And the Meta fud about Zuckerberg selling compute was him expressing the optionality of being able to sell compute if they overbuilt, somewhat justifying why they are okay even if they overspend on AI capex, and this infers it is not just unlikely AI capex cuts from hyperscalers are coming soon but in fact they are expressing their interest in wanting to spend more, and at the end of the day they are in an existential race to win the AI race.

JUSTIFICATION 7

I don't know how reliable bank and wall street analyst price predictions are but they again have all theirs in the $1.4-2k range.

Today Citi has added an "upside 90-day catalyst watch" with a $1.4k price target which again just screams bullish to me.

I am merely a retail trader and Micron is my first stock purchase at $1,100 it does seem like a comfortable hold with DRAM shortage expected to continue until 2029 on top of all the other reasons Micron is a great company but the reasons I included in this post are my reasons why I will be holding through this blood. I would love to hear everyone's thoughts and any other bull justifications or whether any of my justifications don't make sense.

Thanks!