$Micron Technology(MU)$ A 2% gain is solid, all things considered. It's worth remembering the mood we were in just a few days ago: rising oil prices, the crypto crash, bears everywhere talking about WW3 and predicting the market would go "under 500".
$Micron Technology(MU)$ UBS has turned more positive on Micron's potential for capital returns. The firm's analysis suggests that, once the current buyback restriction ends in December 2026, Micron could potentially repurchase more than 40% of its outstanding shares by the end of 2028. The key driver in this view is cash generation. UBS projects that Micron could generate over $400B in free cash flow through 2028, which would provide significant flexibility for an aggressive share repurchase program. If memory demand holds up, the buyback narrative could become another major catalyst for the stock.
$Intel(INTC)$ Some positive news from the market recently. The Hong Kong market has seen a gain of 550 points. Intel is scheduled to report their earnings this week on Thursday after the market closes. The expectation is for a very strong quarter, with the company likely beating both top and bottom line estimates and potentially raising its guidance.
$Roundhill Memory ETF(DRAM)$ The memory cycle continues to demonstrate strength. The ETF has gained over 150% since early April, even with the recent pullback in semis, largely due to its exposure to major memory leaders like Samsung, SK Hynix, and Micron. With AI fueling demand for HBM and advanced memory solutions, upcoming commentary from $Intel(INTC)$ and $Taiwan Semiconductor Manufacturing(TSM)$ regarding second-half memory trends might offer more insight into the next phase of the cycle. Memory remains a key area to watch within the broader AI infrastructure theme.
LPKI find LPK an interesting long-term play for a few reasons. The stock is still about 50% below its all-time high, but the more significant part of the story might still be in the future. Strategic partnerships, particularly with major semiconductor companies like $Intel(INTC)$ , could open up new growth avenues as the demand for advanced tech infrastructure keeps growing. The real test will be execution—converting those partnerships into solid revenue and showing that the market has underrated the company's long-term potential.
$Micron Technology(MU)$ Hedge funds are likely to start buying at this discounted price well before the people who sold out of fear catch on. That's typically how these cycles go. The fear-based stories some short sellers are pushing don't seem to hold much weight.
Looking at $Micron Technology(MU)$ and $SK hynix(SKHY)$ , these might be among the cheaper opportunities in the market right now. A lot of S&P 500 companies are trading around a 20x forward earnings multiple, but these names still seem to be at a significant discount when you consider their long-term potential in AI and semiconductors. For $Micron Technology(MU)$ , memory demand, HBM growth, and AI infrastructure spending are still the main catalysts. $SK hynix(SKHY)$ offers exposure to the memory cycle at a lower valuation, though semiconductor stocks are known for their volatility. If the earnings
$Roundhill Memory ETF(DRAM)$ I'm down about $80K on this, with an average cost of $62. I'm not too concerned about the short-term drawdown, though. I'm looking for it to reach $80-$100 later this year.
$Roundhill Memory ETF(DRAM)$ The stock looks way oversold to me. I think there's a chance it could be back in the 70's by the end of August. The memory demand picture is at 100% for the next two years, and they're all expanding to 2-3u fabs. A correction was needed, but it feels like that might be done now.
$Roundhill Memory ETF(DRAM)$ The saying goes to buy when others are selling and sell when others are buying. This recent pullback could present a significant opportunity for the rest of the year.