MU: The Next Phase for the AI Super Cycle is Robotics
$Micron Technology(MU)$’s hardware is the key catalyst pushing us towards the next Industrial Revolution
After a 20% earnings beat and a subsequent 10% selloff, $Micron Technology(MU)$ is right back near ATHs, holding just under 1200.
The overall market is finally showing strength and $Micron Technology(MU)$ looks ready to break ATHs and push towards the key psychological 1500 level. Get thru 1172 and a push to 1250 can happen fast. Thru 1250 and we see the next leg higher towards 1500
Humanoid Memory Demand 🤖
The next phase for the AI super cycle is robotics, with $MU’s CEO saying that humanoid robots carry 10x the memory of an autonomous vehicle, calling it a “sustained, substantial, multi-decade demand cycle.” With a clear emerging market in his sights, and with $Tesla Motors(TSLA)$ shifting its production away from Model X and Ys and into its Optimus robotics line, it’s clear that $Micron Technology(MU)$ is looking to expand its partnerships with some of the biggest companies on the planet
Trade Ideas 🚀
$Micron Technology(MU)$ above 1175
Swing Trade: MU 7/17 1500C
Day Trade: MU 7/2 1250C
Once the market breaks previous ATHs,
$Micron Technology(MU)$ will firmly embed itself into the next phase of its melt up rally
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