Key insights
- An investor is contemplating adding to their Micron (MU) position after a significant run-up, driven by AI optimism and a low forward P/E ratio. While the investor acknowledges the potential upside, they are seeking objective advice due to the bullish sentiment in MU-focused communities. The decision hinges on whether the current valuation justifies further investment despite the stock's recent gains and the cyclical nature of the semiconductor industry.
Hi guys , I did but MU ( Micron ) as a contrarian play when it had forward p/e of 4-5 and every one through its cyclical , it’s 17.6% of my Portifolio now and my average price is 259 USD
Planning to hold though till upcoming earnings , most of the previous earnings they did beat
Question is this , I do have 5% cash sitting duck and I was looking for a similar play like mu last year
Couldn’t find any , I go to the mu stock group and I see all the guys there stating it’s just starting and it will hit 1000 mark
Do you think I shall add here after this massive run , it’s still has a ridiculous 9 forward p/e with every single report we are in a massive ai run
Thinking out loud , deploy capital now or wait
Didn’t want to ask in the MU group since all the guys there will say definitely jump in