Reflection on MU’s recent moves and the broader memory market

Lately I have been trying to better understand what is driving the recent moves in memory stocks like MU There is a lot of talk around AI related demand and data center spending but at the same time it is still not very clear how quickly that demand turns into consistent earnings and cash flow

On one hand the industry looks like it may be coming out of a downturn pricing seems to be stabilizing and longer term demand from data centers and cloud infrastructure could be a real tailwind On the other hand memory has always been a cyclical business and it is hard to separate near term optimism from longer term fundamentals

I am not very focused on short term price moves and am more interested in how others think about the balance between cycle recovery AI driven demand and valuation at current levels For those who follow the memory or semiconductor space more closely what signals do you look at to judge whether the recent strength is sustainable or just part of a normal cycle upswing