Last night, $BTC dropped sharply, US stocks fell sharply, gold broke below 4000, and silver plunged to a six-month low. The entire market was engulfed in bloodshed.



However, Micron Technology $MU , with a historic earnings report, saw its stock surge 16% after hours, silencing the bears.

Micron's third-quarter gross margin reached 84.9%, up 10 percentage points quarter-over-quarter and more than doubling from 39% year-over-year!

This figure not only set a new company record but also surpassed NVIDIA and Meta, showcasing rare pricing power and a tight supply-demand balance in the AI memory supply chain.

Volatility intensified after the earnings release. Micron's fundamentals remain strong, but sentiment at these highs is overheated. Taking profits is more important than chasing highs. Keep your powder dry to ride the next wave of HBM-driven rallies.
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