On June 24, Micron closed at 1048, and after hours that day, it released a record-breaking earnings report. Now the stock price has dropped to 974. The earnings report was like a letdown, and it even fell. 😭


PE dropped from 18x before the earnings report to 13x. 🤦
It can be understood that after releasing such an outrageous earnings report, the PE dropped by 26%. 🙄
Compared to other old-school tech stocks:
META 17.8x
NVDA 21.5x
MSFT 23.3x
GOOGL 25.1x
AMZN 27.6x
AAPL 35.1x
INTC 111.1x
Many people say that big tech has fallen a lot and is very cheap. But what about Micron? 🫪 I don’t think Wall Street is stupid. They definitely know this basic arithmetic. Everything is premeditated. I believe we will know the answer next week. 🤣🤣
Buy the dip, hold for the long term, Discord is in my profile.
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