Hold the line soldiers!
For those of you who are worried about today:
MU is a volatile stock, this thing dropped 30% a month ago basically only due to bad macro. It had many 10-15% dips on it's 700% run up the last year. This is normal movement for a stock that goes up this much.
Positive catalysts are everywhere:
AMAT earnings call mentioned high memory prices:
https://ca.finance.yahoo.com/news/applied-materials-delivers-record-quarter-204000565.htmlKioxia
Kioxia (Japanese memory) earnings was a blowout:
https://ssl4.eir-parts.net/doc/285A/tdnet/2815628/00.pdf
Nvidia is ramping up pre-earnings (see chart) and it looks like Micron might get more deals with them because Samsung strike seems to be starting officially: https://www.cnbc.com/2026/04/30/samsung-q1-earnings-ai-memory-chip-demand-profit-record.html
It is all but certain we are going to beat our already amazing expected earnings, and will be sold out through 2027. Friday's are on average the reddest days of the week and this particular Friday was a heavy one with options expirations. This is a good opportunity to average down for those who aren't full ported and bought in earlier this week. For those who are already full ported (like me), you know what you signed up for. Hold strong!