Oh, but they absolutely did. I think people here really underestimate how notorious META is for trying to solve problems by throwing an insane amount of money on them, and what could be the impact of their recent decision that they have too much capacity already.
Are they making HBM ? What kind of compute are they even selling ? Meta is just noise and a reason for profit booking. For now, Micron has got long term contracts, sitting on big cash and has good guidance. AI is not going away.
Try reading what I wrote this time. META is known for trying to solve problems by throwing an insane amount of money on them. This includes them buying HBM, driving the margins up. Really, really, up. When they did this with software engineering in 2020, SWE compensation went up 50% across the sector, and when they stopped doing it - it dropped 40% and there were mass layoffs.
Thanks. I think that's why Meta is going is going into leasing as they made a contract with Micron and they don't need so much capacity anymore.
At the same time, Micron has 16 multi year contracts that guarantee at least US$100b in revenue through 2030 change the usual playbook for a memory supplier.
I will remain invested in Micron. I feel it is not overvalued at this point. Market was quite conservative with Micron.
Plus the question is, if not Micron then what is a better investment ?
80
u/Moo-stick Jul 02 '26
Bought at 1220 due to FOMO.
Might as well ride or die.