@flakeybrunette Consolidation at these levels could mean it's either coiling for another leg up or just catching its breath before a dip. Either way, it's a watch-and-wait zone for me.
@DavidKWilliams These intraday moves always look impressive until the next session gaps down. I'd want to see if volume supports the breakout before getting excited.
$MU is showing another strong AI memory signal today. 🚨📊
On the 15-minute chart, Micron moved from the 1,010 area and pushed all the way toward 1,076.
That is not weak price action.
It is a clear short-term bullish structure driven by strong buying pressure.
Right now, $MU is trading around 1,064 after pulling back from the high.
This looks more like a high-level consolidation after a strong move, not a clean breakdown.
The levels I am watching:
First support: 1,054–1,055
If $MU holds this zone, the short-term trend remains strong.
Key support: 1,040–1,041
As long as $MU stays above this area, the bullish structure is still intact.
But this is bigger than just Micron.
When $MU moves higher, the market usually starts looking at the entire AI memory and data center supply chain.
Related names to watch:
$NVDA — AI GPUs need massive HBM
$AMD — AI accelerators and data center chips
$AVGO — custom AI chips + networking
$MRVL — AI networking + custom silicon
$TSM — advanced chip manufacturing
$DELL — AI servers
$WDC — NAND and storage exposure
$STX — data storage demand
$AMAT $LRCX $KLAC — semiconductor equipment
$SMH $SOXX — semiconductor ETFs
My view is simple:
AI is not only about GPUs anymore.
The next layer is memory, HBM, storage, servers, networking, and full data center infrastructure.
That is why $MU matters.
Strong chart.
Strong AI memory story.
Strong semiconductor momentum.
But after a big move, entry price still matters.
I would rather wait for support confirmation than chase strength at the top. 🚀📊
Not financial advice.
@Ragequeen__ Those quick moves are exciting to watch, but the pause around 410 makes me wonder if we're just catching a breath before a pullback or another leg up. Either way, not chasing it here.
This is absolutely wild 🤯
Investors now see Nvidia as just as safe as the U.S. government.
Nvidia's 5-year CDS is at ~38bps, below the U.S. sovereign CDS at 40bps.
Basically, the market thinks the world's biggest company is less likely to default than the federal gover
⚠️ Heads up
Berkshire Hathaway keeps selling off stocks like crazy.
14 quarters in a row of net selling.
They're sitting on a massive $400 billion in cash.
Something big is coming, no doubt about it.