Cramer thinks $MU can double again because the market is still pricing Micron like a boom and bust memory stock.
He says data center demand has become “endless” while long term agreements lock in margins making this cycle fundamentally different from what the market is used to.
@BullTheoryio Float was tiny pre release only 4%. 34% of 4% is like 1.28% if spaceX market cap.
Glad this spaceX situation will help people understand free float
Most people don't realize how big of a growth wave we are currently experiencing.
So far, with 88% of S&P 500 companies reporting earnings, the index has posted +50.4% growth in earnings year-over-year.
To put this into perspective, the already astronomical expectation of +23.1% growth has been more than doubled.
This will mark the 2nd consecutive quarter of earnings growth above +25% and the 7th consecutive quarter of double-digit earnings growth for the S&P 500.
The last time growth was this strong was in Q2 2021 as the US economy emerged from the pandemic and $4+ trillion in stimulus was handed out.
We are arguably in the midst of the biggest technological revolution in US history.
The data is absolutely insane.
@ns123abc Escept “AI revenue” isn’t a product category. In fact AI revenue is “estimated at $34bn - which means that the denominator for this 70% number is completely guessed. It’s not fact 🤣