股票交易部—本週推薦股票MU

Micron Technology Inc. (MU)

1. Type of Investment

Asset: US Semiconductor Stock

Main Business: DRAM, NAND, HBM (high bandwidth memory)

Key Themes: AI Infrastructure, Data Center Storage, Tech Growth with Cyclical Upside

• Fundamentals Driving the Stock

Q2 Earnings (ending in May): Revenue hit $9.3B (up 37% YoY), adjusted EPS $1.91 beat expectations. Strong growth in data center business, DRAM and HBM both up nearly 50% YoY.

Q3 Guidance: Company expects $10.7B in revenue, with a non-GAAP gross margin around 42%.

Cash & Investments: Over $12.2B in cash reserves, strong free cash flow, ongoing buybacks and dividends.

AI & Industry Trends

AI is driving huge demand for HBM and high-performance memory. Micron’s role in top-tier server supply chains is growing. Analysts expect AI-related revenue to double by year-end.

While the sector faces export controls and inventory cycles, Micron is managing well through expansion and R&D.

• Price Action Breakdown

Early April – Pullback and Base Formation

Price dropped to $80–90 range (near 2024 lows), strong technical support. Heavy volume shows accumulation at low levels.

May – Earnings Surge

Q2 beat and Q3 outlook surprised the market, stock jumped from $90 to $130+, over 40% gain. Volume surged, trend clearly reversed.

• Trading Strategy (Swing Approach)

• Overall View

Strong Fundamentals: Beat earnings, growing AI demand, solid Q3 outlook

Healthy Chart Setup: Clear transition from base to breakout and consolidation

Reasonable Valuation: PE around 20x, in line with industry average

Risks: Export policy shifts, inventory cycle risks, possible short-term profit-taking

結論：

Micron has moved from bottom-building into a mid-term upward phase with some consolidation. Buy on dips in the lower range, stay light during consolidation and focus on breakouts. You can also hold safer assets like TLT (Treasury ETFs) to balance the risk from volatility in semiconductor stocks.