MICRON $MU JUST REPORTED $41.5 BILLION IN QUARTERLY REVENUE
Here is every May quarter over the last decade to put that number in context:
May 2016: $2.9B
May 2017: $5.6B
May 2018: $7.9B
May 2019: $4.8B
May 2020: $5.4B
May 2021: $7.4B
May 2022: $8.6B
May 2023: $3.7B
May 2024: $6.8B
May 2025: $9.3B
May 2026: $41.5B
That is a 4.5x increase year over year and more than the previous four May quarters combined.
Market is mostly running on news and hopium.
Paani khatam ho jayega.
Free trade agreement mein 10x jayega.
India will be data center economy.
All future hopes and prediction, zero ground reality, discounting of future going on, never seen this in any bear market or in correction. Social media has taken a new trend in Indian markets. Hopium is ok, I can understand at top of market, how can this work at bottom of market, or this is not the bottom when hopium is selling high.
AI Coding startup. Infosys has a market capitalisation of less than $50 Billion today.
Not comparing the two. Just putting it out there for the context.