MU Micron Technology
ChipsPosition Summary
Shares
5
Avg Price
$374.81
Cost Basis
$1,874
Conviction
7/10
Investment Thesis
One of three global DRAM makers riding the HBM supercycle. Supply sold out through FY2026.
Key Arguments
Bull Case
HBM memory is the bottleneck for AI GPUs. Pricing power in shortage.
Bear Case
Commodity memory cycles. Oversupply kills margins fast.
What Would Make Us Sell
HBM pricing collapses or market share loss to Samsung/SK Hynix.