Micron's Selloff Poses As A Good Buying Opportunity For The Cyclical Upswing
HBMHudbay Minerals(HBM) Seeking Alpha·2024-07-22 15:27
sankaiIt’s no secret that Micron Technology’s (NASDAQ:MU) share performance has been relatively lackluster since reporting q3’24 earnings at the beginning of July 2024. Though investors may have been spooked by the higher-than-expected capital investment forecast for eFY25, this should not have come to anyone’s surprise as Micron is in the process of transitioning their chip manufacturing equipment to cater to higher powered chips using EUV lithography as well as breaking ground on their Idaho fab, whic ...