Micron (NASDAQ: MU) has been an incredible stock to own in 2026, as it's up by around 225% this year. Just because it has done so well already, though, doesn't mean it isn't primed for more upside, and one billionaire investor recently bought more shares of it.
During the second quarter, billionaire Phillippe Laffont, who runs investment management firm Coatue Management, massively increased its Micron stake. As of the end of Q1, it held around 166,000 Micron shares. As of June 30, it held 3.1 million. That's a huge jump in a short time frame, but after looking at Micron's potential, I think it makes perfect sense.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Micron is down over 20% from the all-time high it hit in June, and I think now could be the perfect time to load up on shares, as a rally could be imminent.
Micron makes memory chips, which are in short supply because the artificial intelligence build-out is consuming the majority of what producers can manufacture. Every memory-chip maker is more than sold out well in advance of production, which has caused prices for memory to skyrocket. Little has changed when it comes to their input costs, so this price growth is creating pure profit for Micron.
#time #signal #june #flashing
During the second quarter, billionaire Phillippe Laffont, who runs investment management firm Coatue Management, massively increased its Micron stake. As of the end of Q1, it held around 166,000 Micron shares. As of June 30, it held 3.1 million. That's a huge jump in a short time frame, but after looking at Micron's potential, I think it makes perfect sense.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
Micron is down over 20% from the all-time high it hit in June, and I think now could be the perfect time to load up on shares, as a rally could be imminent.
Micron makes memory chips, which are in short supply because the artificial intelligence build-out is consuming the majority of what producers can manufacture. Every memory-chip maker is more than sold out well in advance of production, which has caused prices for memory to skyrocket. Little has changed when it comes to their input costs, so this price growth is creating pure profit for Micron.
#time #signal #june #flashing
10 days ago
