Jo Bhakdi on MU

The host endorses Micron as a good investment and recommends retaining some exposure for diversification. He favors SpaceX more heavily but argues that Micron's American identity provides a structural advantage among memory investments.

Micron is considered substantially undervalued over a year, supported by hard-to-replicate memory technology and market positioning. The host distrusts its short-term trading behavior and sees considerable downside risk before the long-term thesis plays out.

Host expects Micron shares to rise roughly 2.5x as part of his broader bullish AI-memory thesis, also referencing a separate brief arguing Chinese memory competition won't pressure Micron lower.

The host argues Micron's selloff contradicts evidence of persistent memory shortages and high prices. He includes Micron among undervalued stocks expected to rise over the medium term.

The host sees Micron as a value opportunity supported by strong memory demand and earnings potential. He criticizes bearish arguments that simultaneously cite memory shortages for chipmakers and collapsing demand for memory suppliers.

The host presents Micron as an investment beneficiary of expanding AI compute infrastructure. He argues that profitable frontier model economics enable sustained spending by infrastructure customers and explicitly includes Micron in his concluding bullish investment pitch.

The host considers Micron exceptionally undervalued and expects its shares to reach $2,000 within twelve months. His bullish thesis rests on AI memory demand and advantages from US-based supply, but he repeatedly warns that severe volatility can overwhelm leveraged positions.

The host calls Micron a screaming buy and expects its share price to reach $2,000 within 12 months. He considers its valuation unusually cheap and sees its buyback program as supportive, while acknowledging further short-term selling is possible.

The host calls Micron a buy and expects AI-related demand to drive the stock to $2,000. He acknowledges that near-term volatility can be severe and warns against margin.

The host has initiated half of his intended Micron position and believes the stock is bottoming near its current level. He treats its recovery from an early decline as encouraging but acknowledges that renewed panic could produce substantial further downside.

The host describes Micron as part of a favorable investment environment and reports initiating a substantial position that he may increase further. He argues that concerns about the company conflict with strong demand and constrained supply.

The host calls Micron deeply oversold and an attractive potential core holding. He expects substantial stock upside because the memory cycle and AI-driven demand should last longer than investors currently assume.

The host regards Micron as undervalued with strong earnings prospects and expects shares to exceed $2,000 within 12 months. He has expanded exposure through short puts but acknowledges sharp downside and unusually high volatility.

The host considers Micron exceptionally undervalued and expects its stock to recover toward 2000 within the next year. He argues that sustained memory demand and contracted future revenue undermine fears of a conventional memory-cycle collapse, but acknowledges extreme short-term downside risk.

The host includes Micron in his bullish long-term AI-stock thesis but reports losing money on a trade. He praises its fundamentals and buybacks while saying its stock behavior is too erratic for him to trade effectively.

The host considers Micron deeply undervalued and views the day's decline as an opportunity caused by misinterpreted OpenAI revenue reporting. He expects a quick recovery but recognizes broader market risk.

The host endorses his substantial bullish Micron exposure through short puts and regards the recent sharp decline as excessive. He celebrates the subsequent rebound but only attributes the $3,000 target to an analyst.

The host describes Micron as having suffered during the momentum-stock selloff and subsequently recovered. He also says his own Micron holdings are currently somewhat down, without making a clear forward prediction.

The host considers Micron substantially undervalued following strong earnings and expects its favorable business conditions to persist. He reports substantial exposure through short puts, exceeding his NVIDIA exposure on a net basis.

The host views Micron as dramatically mispriced because persistent AI memory shortages create favorable demand and supply conditions. He expects the shares eventually to reach $2,000 while warning that volatility could produce a rapid fall to $700.

The host considers Micron undervalued despite strong earnings and believes AI memory supply concerns support its investment case. He argues that long-term contracts reduce some of the uncertainty associated with the company's cyclical business.

The host describes Micron's earnings as exceptionally strong. He uses Micron as an example of how strong operating results may already be priced in and how investors can discount future growth.

The host regards Micron as insulated from the pricing pressure that cheaper AI models impose on model providers. His argument is that lower token costs support additional compute buildout.

Joe calls Micron 'completely undervalued' amid a broader semiconductor rally, though he does not give a specific price target or timeframe.

Micron is discussed as a dominant, uncompetable leader in memory chip manufacturing that may eventually join the Terrafab ecosystem as a partner rather than being replaced by Tesla/SpaceX.

Asked how a pause on AI development would affect his Micron position, the host suggested Micron would see a short-term crash from market panic but would remain fine longer-term due to continued massive inference compute buildout. He views Micron as less exposed than Nvidia to any AI-pacing fallout.

Joe groups Micron with the broader memory/semiconductor space that he expects the market to overreact against once fears of an AI training buildout halt spread, likely by around 2028. He separately notes Micron dropped on news of an Intel-funded RAM manufacturing venture that he views skeptically.

The speaker maintains a synthetically leveraged long position in Micron via short puts, expressing continued bullishness despite a rough patch in July tied to the broader momentum-stock selloff.

The host mentions he took a Micron trade that didn't perform well during the recent sell-off, describing it as roughly breakeven with no real alpha generated.

Jo argues Micron is irrationally oversold given its earnings trajectory, calling it a 'screaming buy' and 'generational buying opportunity' despite a brutal short-term selloff with no fundamental justification. He notes the stock trades at a very low forward P/E despite projected massive earnings growth through 2029.

Joe views Micron's sell-off as irrational given surging DRAM/HBM demand that is expected to outstrip supply well into 2028, and believes the stock trades at an absurdly cheap valuation relative to its earnings power. He holds Micron as his biggest personal position and plans to keep it through upcoming Fed and earnings catalysts.

Micron is called out as a predictable AGI-era winner, and its stock has already rallied after earnings as the host anticipated.

Micron reported blowout earnings with 13 billion dollars quarterly revenue, 68% gross margins, 3.9 billion dollars adjusted free cash flow, and guided next quarter revenue to 18 billion dollars. HBM memory is sold out for 2026 and US-based production gives Micron a strategic onshoring advantage. Stock up 11.58% on the news.

Micron Technology is the American-made memory stacked onto GPUs, a super amazing business in the AI infrastructure theme. One of the great things.