Copiers : 6 Followers : 42 Since Sep22 : +46,5% while NSDQ : +50,5% SP500 : +33% Dear Etorians, 03/25/24. $MU The results published for the second quarter were even more encouraging, marked by a 58% jump in turnover over one year, to $5.8 billion. Micron also anticipates a 76% surge in revenues for the current quarter. In both cases, the data far exceeded Wall Street forecasts. Micron has also joined the ranks of stocks propelled by the craze around generative artificial intelligence (AI). The demand generated by AI is only just beginning to have some impact on the group's accounts. Micron announced last month that it had started production of its own HBM chips, which will be used in Nvidia's latest H200 systems. Micron's upward trajectory can therefore continue. The group indicated Wednesday, during its conference call, that its HBM production capacities were already used to the maximum for this year and that the "overwhelming majority" of its HBM chip supply for next year was already allocated. Also. The group forecasts a net profit of 8$ billion for 2025. Their order book being full, this makes their future forecasts rather solid. This corresponds to a PER of 16 which seems reasonable for a growing sector. So I decided to allocate 20% of our portfolio to it. $NSDQ100 $SPX500