MU — All updates

Anyway, um so the socks because it's trading better via MU and SanDisk, which got over some important levels, Dell, CRM, um and certainly Meta.

More importantly, I think what's going to happen is that the SOXX fund will experience a kind of insane rally, and as it pulls back, the semiconductor companies we know and love and hold in our portfolios , like Nvidia, Micron, and AMD— names I believe will continue to perform well in the long run—will be negatively impacted by what I would call... what else could I call it?

Collateral damage in a broader sell-off in the semiconductor sector , where the market will start saying, 'Wait a minute, we should n't have raised the price of every stock with ' semiconductor' in its name .'

Here's a great example . Okay, I can scroll down to show you . These are some of the names in the SOXX fund: AMD, Micron, Nvidia and Broadcom are strong names. I love those names.

I've owned them for a very long time and I'll continue to own them for a very long time .

Micron is scheduled to announce its quarterly financial results after the market closes on September 30. Given that Micron's stock has already risen by more than 264% since the beginning of 2026, there are a lot of conflicting feelings among investors.

There are some investors who own Micron shares and fear that the share price will collapse after the company's quarterly financial update. There are others watching from the outside, interested in buying Micron shares, but they don't know which way to go.

I want to talk about some memory and data storage stocks like SanDisk, Micron, and the like.

Micron up 16%, Broadcom 5.4%, Nvidia 8%, Apple 3%, Google 1.7%.

Micron was the name that we had a really good earnings season with , right ? I mean, ES is doing very well. I think they added 225 or so in earnings per share this year , which was much better than the S&P 500 expectations. And now it's time for the micron.

So, I was actually looking at this, and there was another trader on our show who was really...I was trying to show this before the last 2 weeks , but the little consolidations that we saw here in late August and September, it does n't look very good to me.

However, with the breakout that Micron is seeing ahead of its earnings release in 8 days, what is your opinion on Micron at this stage?

SanDisk is pretty. MU is pretty. Intel is pretty. AMD is really pretty but all-time high already. Uh those are those are really pretty charts I think.

Uh MU I So on Friday I noticed that things were like looking good before the close. And if you look at the chart of I mean I really should when I come on the mic here I should have my chart up for so I can I can show you real quick.

But on Friday I noticed that things were shaping up like setting up into the close and I feel like somebody must have known about the China deal or because all the tech stocks started popping into the close on Friday.

And so I'm going to show you my charts real quick. And so if you look at the if you look at uh one second uh Intel pull up the Intel chart hourly chart. Where is my TC2000? Here it is.

So am I sure? Are you Yeah, there it is. So if you look at Intel hourly chart on Friday, I mentioned this in the room. Uh, we had a buy setup, but it hadn't yet popped. I mean, it when I mentioned it, it wasn't yet going and then there it is.

Long right here. Same with MU was pretty bullish. Same with the SMH. They all popped on Friday. But before the pop, they were starting to look good. Mentioned them all in the in the room. Got positions in all of them.

The cues have smashed through my 735 line. We took like the shortest breather at my line just so me Kevin could say, "We hung out at my line." That's it. It was just long enough to say, "We hung out at Kevin's line. We respected the line, but peace."

which is actually bullish for high bandwidth memory like your skinex's or your micron

I like this for a move up on Micron. It's already gapping higher today. I'm looking at a move up here to this 1150 level. This also happens to be and why I like this level as resistance.

If we use our Fibonacci tool and we drag it down, the Fibonacci 786 is almost identical with that gap fill. So that'll be my target level for the move up. And if it gets there, I would consider a short on Micron at that point.

I'm in some muou, which is micron. Both of them looked a little bit better. Not fantastic, but a little bit better. I also trimmed a little bit of MU. So, that's why it shows a sell.

Why did I trim mu? Because mu is up 2.6%. Why not trim a little bit?

I upload uh here's Micron, you

Your next name is also up by about 5.5 percent here . We are talking about Micron. It has seen significant upward movement during most of the first half of the year here. Over the past 52 weeks, Micron's stock has risen by 511 %.

Although my last guest said she felt some concern and caution regarding the memory sector at the moment. So, what's your take on Micron, Charles?

Right now it is slightly down but remember the QQQ is driven by Nvidia Tesla Micron all those names and that's what you need to look at to understand where this thing is going.

Tesla, SpaceX have a deal with Micron for memory. I don't know if they have a deal with SKH, but I do know Terraab, Tesla, SpaceX are working with Intel for the Terraab and this could be a way of shoring up additional memory for the future.

Now we know what Micron is going to sell for the next 3 years.

Like I think Micron has the advantage of being a US-based company with production in the US. I mean, we've seen Micron grow their EPS from, you know, $7 last year to $240 per share. It's It's It's The growth is insane.

Uh their revenues were going to probably reach 300 billion in the next year or so. So, I think the reality is this will continue to be an important player in in the AI buildout.

Thank goodness MU did not close well because I have no MU. I have no MU. Why? Because, you know, look at how this closed again. They sold strength. Uh this 1042 got rejected if you remember last week and um and on Friday the action wasn't telling me there's any reason to be in these things because the market's kind of faulty and we're not acting special.

So you have risk a little bit lower. So now what? Okay, let's see what what was this low here. This low here was 967 or 960. So um I guess we'll see um is you know do the bears have any power?

If the bears have some power. Actually, here's a 50-day. 50-day is right there. 934, right? Where is MU right now? Um, this is like 934. MU this morning is uh a little bit below it.

So, MU is below the 50-day. You want to be in momentum names when they're above the 821 day. You don't want to be when they're below the 50-day. If you're an investor in MU and you've been in MVU for two years, that's different.

Okay. If you've been trying to hold a swing trade, which I was here, you know, and maybe you sold some strength on day three, I guess there's a small reason. So, if you have a little of this on, I get it.

You know, forgive yourself. Question is, um, you know, is it going to open up, um, down 48 and go green or is it going to open up down 48 and, you know, continue to be lower in the second part of the day? That's our job as active trades to figure out.

Nvidia and Micron are two of the companies benefiting most from the huge increase in spending on creating data centers. Micron's revenue increased by more than 4 x in its most recently completed quarter from the same time last year, while Nvidia's revenues have soared to approach $303 billion.

And Micron is the American side of the memory trade with 18% of the HBM market and 23% of overall DRAM. Their revenue more than tripled year-over-year and they report earnings at the end of September.

This will be the first memory earnings call since Astro was announced, making it a good leading indicator for compute demand in the era of AGI. So stay tuned for my coverage on that.