u/Pancakez_117

HBM for AI is supply-constrained, MU is sold out through 2026, and Big Tech capex is locked in by competitive survival (e.g., restarting nuclear plants). The market still values MU as a cyclical memory maker, creating a mispricing if AI-driven demand has structurally removed the boom-bust cycle. Long MU as a re-rating play, betting that the market will eventually apply a growth multiple closer to AI peers like NVDA. A repeat of the memory cycle if oversupply returns, a sharp slowdown in AI capex, or a macro downturn that hits all hardware. The top comment warns this is a “top confirmed” signal.