Micron, as a leader in the storage industry, has seen its stock price experience a temporary surge, but its long-term stability is extremely poor.

Currently, the AI industry only has a rigid demand for storage capacity, and there is not much requirement for data writing technology iteration; the industry does not have ongoing technological upgrade dividends.
As the AI boom gradually cools down, many poorly managed AI companies will go bankrupt, and the idle server memory will flood into the market; plus, with rapid iteration of memory stacking technology, memory capacity can achieve exponential expansion with chip process upgrades, fundamentally solving the storage shortage problem.

From a long-term industry cycle perspective, the supply and demand imbalance in storage is unlikely to last long.
When the industry undergoes a process of survival of the fittest, idle hardware will flood into the market, and memory prices are likely to crash rapidly, with stock prices following the cycle and falling sharply.

Short-term operation: shorting on rebounds from 1105-1125, target 1050/1020;
buying short-term on dips to 1040-1050, only for short-term long positions; breakouts should be shorted with the trend, and earnings season should be carefully managed.

Long-term view: Micron's short-term rise is just a phase driven by the AI boom, and the industry lacks ongoing technological iteration.
Subsequent breakthroughs in memory stacking technology and the release of idle hardware from bankrupt companies will quickly reverse the storage shortage situation, and memory prices are very likely to plummet, posing significant long-term risks. #0成本拿2股SK海力士