I know we’re all sick of it. I’m getting tired of it myself and I was one of their biggest fans. Wth drove up MUs $100 rise today? And it’s still going up after market.
I can’t find anything online to justify it, but maybe I’m just not smart enough. Also analysts say it’s undervalued, but with how much people are paying for this, is that still the case? And how much does it have to be per share for it not to be considered undervalued anymore??
Why is MU up $100 and how sustainable is this?
byu/stayhaileyday ininvesting
Posted by stayhaileyday
5 Comments
Why would I be sick of it. I own MU.
This market, AI adjacent seems to only have one look, [and I feel like I am taking crazy pills!](https://www.youtube.com/watch?v=fRL80YB0x3s)
But I kinda like them!
We’re all sick of it? Who’s “we”? You’re just mad that you’re on the sidelines.
It’s up on the belief that demand destruction is not a thing and that no one will ever find a way to produce more memory.
This thing might go to like 1500 and then back to 200 in a few years, it’s going to be the wildest chart anyone will ever see.
Earnings and guidance.