David Lin on $MU (Oct 31, 2026)
Micron still has further to fall, since many factories including new Micron plants come online over the next one to two years and China's CXMT is a major player because memory is not proprietary. He expects a return to the $465 area within 12 to 18 months, though he may play it long on the way down.
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I haven't really stepped into the microns yet. Micron to me uh still has downside to go.
Micron, uh can we just quickly talk about Micron? We've talked about this on my show before. You've actually perfectly called uh the top around June on my show. People can actually go back and watch that.
Um and then we haven't talked about it in quite a while. What do you think about Micron right now?
I still think it's coming down. I think again you have so many factories over the next year to two years coming on online including new Micron factories. Um but China's a major player.
CXMT, we've talked about that before as well. Um that you know, listen, memory is not proprietary. Um these chips, there was a shortage. People got caught off guard, but now it's been a year plus of this shortage and factories will be coming online.
And at some point, I honestly think, and listen, it doesn't mean I won't play it for a long on the way down, but at some point, I think we're going back to $465, this area right back here.
And I think that will be within the next 12 to 18 months.