BABA Diamond HolderI believe the AI memory boom is likely to continue in the near term because enterprise AI infrastructure spending outweighs weaker consumer demand. The share price might be overdone. A healthy pullback is necessary before it go higher.
If Apple and Microsoft hike their smartphone device prices, it may slow their sales. In my view, the biggest risks are reduced AI investment and expanding memory supply which could eventually normalise pricing and reduce chipmakers’ record profits. It may take a few years to happen. Stay vigilant if you are the shareholder.
[Task Coins Giveaway] Daily Market Talk — Micron Soars as Apple Sinks
Two memory stories, opposite directions. Micron printed a record quarter and ripped ~15% after hours, lifting the whole chip complex over 3%. Meanwhile Apple had its worst day in over a year, down 6%,...
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