MU set up for NVDA like revenue growth
$MU$NVDA$AMD$SNDK
AI SUMMARY — MU poised for significant revenue growth similar to NVDA's 2023 spike, with quarterly revenue nearly doubling from $13.6B to $23.86B. Memory chip demand expected to drive valuations toward $1T+ as earnings approach, though leverage through margin trading presents material risk.
| TICKER | MU |
USER | u/Heavy_Pudding7988 |
| RATING |
BULLISH |
ENTRY |
$751.00
|
| POSITION |
3 sh
SYN
|
BOOK VAL |
$2253.00 |
| CURRENT |
$896.07 |
P&L % |
+19.32%
|
| CURR VAL |
$2688.21 |
P&L $ |
+435.21
|
| TICKER | NVDA |
USER | u/Heavy_Pudding7988 |
| RATING |
BULLISH |
ENTRY |
$215.33
|
| POSITION |
11 sh
SYN
|
BOOK VAL |
$2368.63 |
| CURRENT |
$210.96 |
P&L % |
-2.03%
|
| CURR VAL |
$2320.56 |
P&L $ |
-48.07
|
| TICKER | AMD |
USER | u/Heavy_Pudding7988 |
| RATING |
BULLISH |
ENTRY |
$467.51
|
| POSITION |
5 sh
SYN
|
BOOK VAL |
$2337.55 |
| CURRENT |
$649.42 |
P&L % |
+38.91%
|
| CURR VAL |
$3247.10 |
P&L $ |
+909.55
|
| TICKER | SNDK |
USER | u/Heavy_Pudding7988 |
| RATING |
BULLISH |
ENTRY |
$1478.69
|
| POSITION |
1 sh
SYN
|
BOOK VAL |
$1478.69 |
| CURRENT |
$1380.75 |
P&L % |
-6.62%
|
| CURR VAL |
$1380.75 |
P&L $ |
-97.94
|
In 2023 NVDA had a big spike in revenue from their previous quarter 7.19B to 13.51B almost doubling. Now MU was at 13.6B to 23.86B. This memory trade just getting started.
I wasn’t paying too much attention to the memory trade, mainly AMD and NVDA but better late than never. This stonk is going to 1tril+. Can’t wait for earnings in a month. SNDK also has that revenue pop too but I think MU is cheaper and more diversified.
Position: 300 shares at 736 on margin