On March 19th I sent an email titled
“This might be the best stock in the world right now”
The stock in question was Micron Technology
They had just posted the best large cap quarterly results I’d seen since Nvidia kicked off the AI boom in Q3 2023… yet the stock had sold off on war fears.
Well it looks like a decent call because Micron is up 47% in the past month alone.
So am I bragging about that call?
You be the judge…
But as Walt Whitman said… it ain't bragging if you done it!
And with hyperscaler earnings coming later this week… I’d say there’s a good chance the rally continues.
Because even after the monster run, the stock is still cheap.
Like I said before, there are only 3 memory manufacturers capable of serving AI demand at scale.
Micron is the only US one (the other 2 are based in South Korea)… and thus is likely to receive a lot of favorable conditions.
So this is one of those rare situations where the fundamentals… the technological tailwind… and the forward guidance are all pointing in the same direction.
I simply could not be more bullish.
The good news is
A) You’re not too late for Micron
B) I’ll be sharing 3 more high conviction AI plays as part of Investormania
In-person tickets are no longer on sale, but you can still grab a virtual ticket to join us from anywhere in the world.
The event is 10AM-4PM ET on Friday May 15th - and you’ll also get access to the recordings + 2 additional livestreams (1 pre and 1 post event)
Oliver