This was a sell the news event, considering how far MU has Risen recently.
callsonreddit on
After-hours seizures
Hungry-Brain-3287 on
The sell off, Ill buy that dip. IDGAF, Im dirty
Captobvious75 on
How do you sell off these earnings? Lol
Full_Cash6140 on
EPS of $12.50 for the quarter? If they can just sustain that, forget any growth, that puts the P/E around 10. It’s still cheap.
Comfortable-Sky7801 on
Might be some of the best numbers I’ve ever seen
tugrulthelol on
Pretty bullish, its a 32% surprise in earnings as far as I can tell, already was trading at a cheap forward PE, but if these earnings beats continue it’ll just get cheaper and cheaper
SlartibartfastMcGee on
It’s beating the rest of the market right now, I wouldn’t chill TF out about this dip.
TragicIcicle on
So, puts it is
BlauerDunst420 on
Lets fucking goooo
MrIcedCafeMocha on
I don’t understand this BS lol, they do great and there’s a sell-off.
UnDemen on
Imagine naming your company after the size of your penis
Specialist_Spite5930 on
Why the fuck is it tanking? This amount of beat and still fucking tanks, what a joke
mayorolivia on
81% gross margin forecast. Better than Nvidia
Rare-Joke on
Triples is best
gatovision on
Things can change fast, all these companies make these massive guidance predictions but all it takes is one customer to pull off to change things. Feel like SSD, NAND, RAM are the commodity piece that can be undercut by China?
Maybe the Market is starting to price these massive Q’s as peak ai revenue which is why AVGO, AMD and NVDA are on a downtrend. RAM was the hot trade the past 6 months.
For the spending party to continue all the big software companies like MSFT, META, GOOG, AMZN, ORCL, CRM, etc need to keep banging and start to see a ROI. but their stocks have been declining too, esp MSFT, CRM and ORCL. Its becoming a game of chicken as to who will crack first and if it keeps going down they’re going to need that cash for payroll and share buybacks to keep the price up.
my 2 bear cents.
cbusoh66 on
75% gross margins, 80% next quarter. Forward PE is still in single digits.
dash_trash4255 on
Wen limit down?
MaxEhrlich on
Honestly I’m gonna stay mostly checked out on looking at my MU holdings moving forward the rest of the year. I’ve got 500 shares and I’m up 6% even in this after hours -3% despite crushing earnings. It’s a long hold stock that’ll be fine and I need to look at it as if I’m holding NVDA and it’s 2020, just chill for a while.
legible_print on
Is SNDK gonna rip off this?
beachsandwichen on
The MMs said you gay
Alarming_Teaching_13 on
Macros prob, nvda had blowout earnings and the stock sold off too
Ok_Location7161 on
Ite all imaginary money , no ai company makes nay profit
23 Comments
This was a sell the news event, considering how far MU has Risen recently.
After-hours seizures
The sell off, Ill buy that dip. IDGAF, Im dirty
How do you sell off these earnings? Lol
EPS of $12.50 for the quarter? If they can just sustain that, forget any growth, that puts the P/E around 10. It’s still cheap.
Might be some of the best numbers I’ve ever seen
Pretty bullish, its a 32% surprise in earnings as far as I can tell, already was trading at a cheap forward PE, but if these earnings beats continue it’ll just get cheaper and cheaper
It’s beating the rest of the market right now, I wouldn’t chill TF out about this dip.
So, puts it is
Lets fucking goooo
I don’t understand this BS lol, they do great and there’s a sell-off.
Imagine naming your company after the size of your penis
Why the fuck is it tanking? This amount of beat and still fucking tanks, what a joke
81% gross margin forecast. Better than Nvidia
Triples is best
Things can change fast, all these companies make these massive guidance predictions but all it takes is one customer to pull off to change things. Feel like SSD, NAND, RAM are the commodity piece that can be undercut by China?
Maybe the Market is starting to price these massive Q’s as peak ai revenue which is why AVGO, AMD and NVDA are on a downtrend. RAM was the hot trade the past 6 months.
For the spending party to continue all the big software companies like MSFT, META, GOOG, AMZN, ORCL, CRM, etc need to keep banging and start to see a ROI. but their stocks have been declining too, esp MSFT, CRM and ORCL. Its becoming a game of chicken as to who will crack first and if it keeps going down they’re going to need that cash for payroll and share buybacks to keep the price up.
my 2 bear cents.
75% gross margins, 80% next quarter. Forward PE is still in single digits.
Wen limit down?
Honestly I’m gonna stay mostly checked out on looking at my MU holdings moving forward the rest of the year. I’ve got 500 shares and I’m up 6% even in this after hours -3% despite crushing earnings. It’s a long hold stock that’ll be fine and I need to look at it as if I’m holding NVDA and it’s 2020, just chill for a while.
Is SNDK gonna rip off this?
The MMs said you gay
Macros prob, nvda had blowout earnings and the stock sold off too
Ite all imaginary money , no ai company makes nay profit