u/NoProfessional4650

Hey guys — I have a $100k to deploy and I’m seriously considering taking a position in Nebius.

I really like the story here and their consolidation into a software layer (tokens as a service) and the fact that the CEO founded and ran Yandex.

My one question is — what’s the competitive moat vs the typical hyperscalers? GCP, Azure and AWS?

They have the capital to build and optimize the full stack from software to silicon. That’s been my biggest hesitation from investing.

One other question I had was — has the CEO completely divested / divorced himself from Russia? Is there any geopolitical risk?

I’d love to understand, thank you.

Always great to hear from Gil.

Can’t see the latest comments on chat and comments I made I see replies to them but everytime I click in it keeps saying “oops sorry”.

Incredibly frustrating.

Can’t see the latest comments on chat and comments I made I see replies to them but everytime I click in it keeps saying “oops sorry”.

Incredibly frustrating.

Meaningful progress on SCAs made this quarter (long term agreements).

Custom logic base dies for HBM4E requiring 12-18 month co-design partnerships with hyperscalers.

Pricing strength across DRAM, HBM and NAND.

Super exciting for MU. Manish seemed genuinely excited.

I’d imagine more customers will channel orders to Micron given the moral hazard this strike poses for Samsung.

Even SK, what’s preventing the union from re-negotiating and holding production hostage?

I empathize with the workers as an employee but as a shareholder and customer I’d be very concerned.

This also probably means Korean tickers will be discounted vs. MU going forward.

TLDR — Customers jittery about giving business to Samsung. Investors more cautious about investing in Samsung / Korea. Bullish for MU.

Unexpectedly despite rising bond yields and QQQ being down, MU has shown resilience along with SNDK. The fundamental story is just still way too strong to ignore.

Don’t worry about the late session decline, it’s typical for the market to take profits before NVDA earnings.

Early session felt like classic algorithmic stop loss hunting which I’m guessing flushed out a lot of retail (I never put stop losses but that’s just me).

I’m very happy didn’t end up blood red today (which is honestly what I was expecting).

Fingers crossed for NVDA earnings tomorrow!

Insane recovery :)

Hey guys — I’m just a lurker (American) and have quite a few Singaporean friends and I never had the chance to ask them (which is why I wanted to ask all of you) — why is there so much emphasis on dividend stocks? I was surprised at my friends’ portfolios even though they’re young (mid 20s) they have heavy allocation into bank stocks, bonds etc. and feels extremely conservative for their age.

I may be on the other extreme end (not a degenerate gambler) but my portfolio is a mix of QQQ / TQQQ and individual names (AMD, NVDA, AVGO etc.)

Thanks in advance!

Memory is converging with logic and market still hasn’t priced this in yet.

When we’ve historically thought about memory makers — you think of your standard consumer hardware DRAM (those chips you can buy off Newegg and slot into the motherboard on your computer). These were fungible, low moat commodities that were produced and sold at whatever price the market would accept as they rolled off the production line (spot pricing).

Historically for these commodity players the market assigned a very low multiple because they didn’t really have a moat and demand was tied to the whims of the individual consumer (cyclicality).

So let’s call this old world of memory DRAM as “dumb” or “passive” memory.

Now on the other side of the semis world you have what we call chip designers (NVDA, AVGO, AMD, INTC) who actually design “logic chips”. This is a much more difficult task because you can imagine a CPU or GPU is immensely complicated to design. The crux of their value IS the design. These companies trade at very premium multiples (30-40x+).

Enter HBM — this breaks cyclicality and the notion memory is “dumb”

What’s happening now is that with HBM for AI workloads, the performance and efficiency requirement of memory has increased DRAMATICALLY. This means having a dumb, interchangeable memory chip that sits somewhere on the rack isn’t good enough.

HBM has to be “packaged” right next to the GPU to allow for the required throughput and latency. This is MUCH HARDER — both to produce AND design.

What does this mean? Higher margins and a deepening technical moat. Memory suppliers now have to CO-DESIGN memory alongside GPU designers to ensure their stuff is up to spec (this is called a qualification cycle).

HBM4 changes the game.

HBM4 integrates a custom logic die in the memory stack itself. By definition this means logic is being executed and data is pre-processed BEFORE it’s sent to the GPU! This means memory has to be “smart” == higher technical moat == less of a commodity == higher margins.

I’m very excited about the trajectory of MU because of this fact that it’s slowly shifting from a commodity memory producer to a CO-DESIGNER of extremely high performance memory chips that sit right next to the GPU on the substrate itself.

And this is just the beginning. The industry is already prototyping Processing-in-Memory where computation happens inside the memory stack itself. At that point, the line between ‘memory company’ and ‘logic company’ disappears entirely.

If anything this should make customers even more wary of buying Korean supply. You just won’t know when shit will happen.

This is also why I only have MU and not DRAM. Korean companies have corporate governance issues, large fabs in China and wildcards like these unions.

Being an American company with American supply creating American jobs means MU has far more sway with Washington and given the incendiary nature of this administration, that’s a very good thing.

https://www.reuters.com/business/world-at-work/samsung-elec-labour-union-fail-reach-pay-deal-strike-looms-2026-05-12/

Coatue released an amazing video on why memory is so important.

Coatue is one of the largest (and most successful) multistrat funds in the world.

https://x.com/coatuemgmt/status/2053887914153558028/video/1?s=46

Super bullish. Gil Luria was ahead of everyone with his PT of $1k last month but now the dominos are going to start falling with the bigger banks.

Being up 5-10% in the overnight is insane. Usually price action is much more muted during AH. Pretty sure it’s gonna scream past $850 tomorrow.

Even my friends at hedge funds say the re-rating narrative is picking up steam FAST amongst institutional investors.

I think we actually may see $1500 by the end of Summer and $2k by EOY if earnings print.

Sorry, I could’ve just posted the link. I got it from a friend in the industry so wanted to be a bit more discreet, but whatever.

https://drive.google.com/file/d/1QAms-m4yLd2AQQh830aDwHAiazFgLRvI/view?usp=drivesdk

Very interesting read