$Micron Technology (MU.US)$ 24HR hit 1014: $1,500 Is Believable, $2,000 Is now Realistic
Obviously Micron no longer trades like the old memory-cycle stock.
The market is starting to price it as an AI memory bottleneck. That matters because HBM is now one of the key constraints in AI infrastructure. If demand stays ahead of supply, Micron gets pricing power. If pricing power holds, earnings estimates move higher. That is the entire bull case.
At $1,014, the stock is not ear...
Obviously Micron no longer trades like the old memory-cycle stock.
The market is starting to price it as an AI memory bottleneck. That matters because HBM is now one of the key constraints in AI infrastructure. If demand stays ahead of supply, Micron gets pricing power. If pricing power holds, earnings estimates move higher. That is the entire bull case.
At $1,014, the stock is not ear...
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Adobe’s latest results left an interesting gap between what was reported and how the stock responded. The quarter itself looked fairly solid. The reaction, though, suggested that investors may be weighing a different set of concerns.
i. Buybacks are quietly flattering Adobe’s EPS because per-share earnings are rising faster than the actual profit growth underneath.
ii. Adobe’s ARR quality is not as clean as it looks because part of the increase ...
i. Buybacks are quietly flattering Adobe’s EPS because per-share earnings are rising faster than the actual profit growth underneath.
ii. Adobe’s ARR quality is not as clean as it looks because part of the increase ...
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