āļø Micron delivered another huge earnings beat and strong outlook. More than 75% of its memory chip output is already committed for 2027, AND the majority of customer discussions are now about 2028 commitments.
Wowweee. So the good times can keep on rollinā. šæšÆ Right?
But ā¼ļø Micron shares are down around 1% premarket.
Could history repeat itself?
After each of Micronās previous two earnings releases, its shares suffered significant pullbacks.
š After its March earnings, Micron fell around 30% from peak to trough.
š After its June earnings, the shares subsequently fell around 37%.
š But for savvy investors, those falls created incredible entry points.
After falling to around $311 following its March earnings, Micron subsequently rallied more than 300% to around $1,255.
Thatās the opportunity Iām talking about in this video: not chasing a high-flying stock, but watching for the pullback and potentially buying it at a much better price.
Letās see what happens this time. š
General information only. Not financial advice.