It looks like the geopolitical and inflation concerns are being priced in. $Micron Technology(MU)$ (Micron) could become the new $SPDR Gold ETF(GLD)$ , the new BTC.X, ETH.X—memory is now both a hedge and a source of alpha.
Whether it's inflation or geopolitical issues, $Micron Technology(MU)$ will make money. It's not a commodity anymore; it's the bottleneck now. Just like $NVIDIA(NVDA)$ stopped being a pure mining play or a gaming stock and became the god of AI. We all know intelligence requires memory, and now that paradigm has shifted to AI silicon intelligence. Memory equals intelligence. As in biological systems, so in digital silicon ones. The tides have changed. $Micron Technology(MU)$ 's P/E is a joke here at 27x, compared to ARM at 400+, AMD at 170+, and Intel at -200+.
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