r/TradingSphere • u/AutoModerator • 10h ago
Stock Discussion Is it time to buy some MU stock yet?
I've been watching Micron stock MU lately, especially after its recent correction. The stock is trading around $900, well below its recent highs, and I'm wondering whether this is a buying opportunity or if there's more downside ahead.
The fundamentals still look interesting. Micron reported record fiscal Q4 revenue of $54.23 billion, supported by strong AI infrastructure demand and memory pricing. Its HBM technology is also becoming increasingly important as companies expand AI data centers.
My main concern is whether this growth is sustainable. Memory prices are cyclical, competition from Samsung and SK Hynix remains strong, and any slowdown in AI spending could pressure future earnings.
I'm considering gradually building a position rather than buying everything at once.
Would you start accumulating MU at these levels, or wait for another correction?
