$Micron Technology(MU)$ Another trend starting to play out.
Welcome to the club, MU.
Rotation into memory is exactly where smart money has been positioned: tight supply, HBM bottlenecks, and AI demand pulling the entire stack higher.
We've already seen how this played out with $SanDisk Corp.(SNDK)$ , $Intel(INTC)$ , $Taiwan Semiconductor Manufacturing(TSM)$ , $Advanced Micro Devices(AMD)$ - once the cycle turns, mega caps don't just move, they re-rate hard.
Micron Technology is now sitting right in that same "late-underappreciated to early repricing" phase.
Not calling tops or bottoms, just following the tape. This is where multi-bag cycles are born.
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