@DiligentPlane Even though I’m in MUU (2X ETF) I can almost assure you regardless of earnings that MU will be headed DOWNWARD. Just look at the price action of MU and SNDK TODAY. Barely above even. Ain’t gonna be headed up.
@DiligentPlane $MU's GAAP gross margin has gone 37.7% of revenue a year ago, to 74.4%, to 84.6% last quarter, and the company's own guide for tonight's quarter is approximately 86%. Operating income was already 80.4% of revenue. Their FQ3 release.
@DiligentPlane That $3B fiber deal is a meaningful vote of confidence in Corning’s long-term demand story. Nice to see $GLW getting rewarded as infrastructure investment continues to build.