The tweet was deleted by the author.
But we saved everything 🙂.
Phil Rosen highlights that Micron has entered a bear market even as the price of actual memory products continues to rise dramatically.
He observes that while memory prices are climbing, Micron stock keeps declining, suggesting a potential catch-up trade opportunity may be approaching.
Rosen recently noted Microsoft’s 25% stock decline over the past year despite the company’s record $82.9 billion quarterly revenue, highlighting disconnects between share prices and business performance in large tech firms. He also observed that the S&P 500 and Nasdaq 100 have surged strongly since June 2024 after caution from Goldman Sachs on artificial intelligence. These previous observations provide context to his latest focus on Micron’s market performance.