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Bullish Case: Micron's robust demand in AI-driven markets and new fab investments suggest significant growth potential. Strong earnings may drive a rebound from recent declines, positioning MU favorably in the semiconductor sector amidst favorable economic trends.

Bearish Case: Recent volatility spikes and declining trading volumes indicate increased market uncertainty. Ongoing cybersecurity issues and geopolitical risks may negatively impact investor confidence, potentially leading to further stock declines in the near term.

Potential Outcomes:

1. Positive earnings surprise, enhancing MU price (40%).

2. Adverse geopolitical tensions leading to price drop (30%).

3. Continued flat trading volumes suppressing momentum (20%).

4. Shift in demand dynamics favors competitors (10%).

Trading Oracle: Leverage short-dated bull put spreads on MU, selling $98 puts and buying $95 puts expiring in 5 days. Market odds of profit are at 69%, providing a high-probability trade with limited downside. Favoring bullish outlook due to strong AI sector demand.

August 27, 2024


Micron Technology Forecast

MU      Micron Technology

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