<p><strong>美光科技（</strong> <strong>NASDAQ:MU</strong> <strong>)</strong> 的股票在過去一年中表現出色，飆升約 630%，因為受人工智能驅動的先進存儲產品需求激增推動，公司銷售、利潤和股價在短短几個月內大幅上漲。</p>
<h3>認識塞繆爾 – 您的個人投資先知</h3>
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<li>與 TipRanks 值得信賴的數據驅動投資情報開始對話</li>
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<p>對於許多投資者來説，最初對存儲行業週期性特徵的擔憂似乎已經轉變為絕對的狂熱。人們認為，人工智能的出現從根本上改變了遊戲規則，永久性地提高了存儲業務的底線。</p>
<p>看漲理論無疑正在上升，因為超大規模企業的資本支出持續增長，而存儲供應似乎還需要數年才能滿足旺盛的需求。然而，在這片陽光明媚的天空中，頂級投資者維克多·德爾古諾夫對 MU 成功故事的延續提出了強烈的反駁。</p>
<p>&#34;不，這次真的沒有不同，&#34;這位 5 星投資者説道，他是 TipRanks 覆蓋的前 4% 投資者之一。&#34;我預計存儲市場的供需失衡將會正常化，從而削弱 MU 的定價能力並壓縮利潤率。&#34;</p>
<p>在德爾古諾夫看來，從這個意義上説，MU 正在借用時間。雖然他承認存儲短缺可能會比以往週期持續更長時間，但最終擺錘將會回擺，&#34;從供不應求轉向供過於求。&#34;</p>
<p>這將對利潤造成顯著拖累，使得多重壓縮成為必然。&#34;我相信美光的股價註定會大幅下跌，&#34;德爾古諾夫補充道。</p>
<p>事實上，這位投資者稱公司的估值&#34;荒謬&#34;，其價格走勢&#34;拋物線&#34;，而其垂直圖表&#34;瘋狂&#34;。這一切加起來使得這隻股票開始像是一個&#34;泡沫&#34;。</p>
<p>儘管由於 FOMO（錯失恐懼症）引發的購買可能繼續推動 MU 上漲，德爾古諾夫並不認為其股價會永遠保持在那兒。鑑於他對美光長期估值的擔憂，因此這是一個簡單的投資決策。</p>
<p>&#34;我將 MU 評級下調至賣出，預計將修正至 600 美元–500 美元，甚至更低的水平，&#34;德爾古諾夫總結道。（要查看德爾古諾夫的業績記錄，請點擊這裏）</p>
<p>華爾街並不這樣看待 – 儘管它也沒有完全跟上市場的熱情。MU 享有強烈買入的共識評級，支持者包括 27 個買入和 3 個持有。然而，華爾街的平均 12 個月目標價為 657.41 美元，意味着從當前水平約有 8% 的下行空間。（見 <strong>MU 股票預測</strong>）</p>

美光科技

1 倍做空 MU ETF - Direxion

2 倍做多美光科技 ETF - Direxion

<p>頂級投資者維克托·德爾古諾夫警告稱，過去一年上漲了 630% 的美光科技（NASDAQ:MU）股票可能面臨重大下跌。他預測內存市場的供需失衡將趨於正常，導致定價能力和利潤率下降。德爾古諾夫將 MU 評級下調至賣出，預計將修正至 600 美元至 500 美元。儘管華爾街對該股的共識評級為強烈買入，但平均目標價顯示出當前水平有 8% 的下行空間</p>

<p><strong>Micron (</strong> <strong>NASDAQ:MU</strong> <strong>)</strong> stock has enjoyed a remarkable run, soaring about 630% over the past year, as the AI-inspired surge in demand for advanced memory products pushed the company's sales, profits, and share price through the roof in just a few short months.</p>
<div class="lb-trans"><p><strong>美光科技（</strong> <strong>NASDAQ:MU</strong> <strong>)</strong> 的股票在過去一年中表現出色，飆升約 630%，因為受人工智能驅動的先進存儲產品需求激增推動，公司銷售、利潤和股價在短短几個月內大幅上漲。</p>
</div><h3>Meet Samuel – Your Personal Investing Prophet</h3>
<div class="lb-trans"><h3>認識塞繆爾 – 您的個人投資先知</h3>
</div><ul>
<li>Start a conversation with TipRanks' trusted, data-backed investment intelligence</li>
<li>Ask Samuel about stocks, your portfolio, or the market and get instant, personalized insights in seconds</li>
</ul>
<div class="lb-trans"><ul>
<li>與 TipRanks 值得信賴的數據驅動投資情報開始對話</li>
<li>向塞繆爾詢問股票、您的投資組合或市場，並在幾秒鐘內獲得即時個性化見解</li>
</ul>
</div><p>For many investors, initial concerns over the cyclical nature of the memory industry seem to have given way to abject euphoria. The advent of AI fundamentally changes the game, as this thinking goes, raising the floor of the memory business for good.</p>
<div class="lb-trans"><p>對於許多投資者來説，最初對存儲行業週期性特徵的擔憂似乎已經轉變為絕對的狂熱。人們認為，人工智能的出現從根本上改變了遊戲規則，永久性地提高了存儲業務的底線。</p>
</div><p>The bullish theory is certainly on the ascent, as hyperscaler capex continues to grow and the memory supply appears years away from meeting the thirsty demand. And yet, into these sunny skies, top investor Victor Dergunov offers an emphatic rebuttal to the continuation of the MU success story.</p>
<div class="lb-trans"><p>看漲理論無疑正在上升，因為超大規模企業的資本支出持續增長，而存儲供應似乎還需要數年才能滿足旺盛的需求。然而，在這片陽光明媚的天空中，頂級投資者維克多·德爾古諾夫對 MU 成功故事的延續提出了強烈的反駁。</p>
</div><p>&#34;No, it's really not different this time,&#34; says the 5-star investor, who is among the top 4% of investors covered by TipRanks. &#34;I expect the memory market's supply/demand imbalance to normalize, eroding MU's pricing power and compressing margins.&#34;</p>
<div class="lb-trans"><p>&#34;不，這次真的沒有不同，&#34;這位 5 星投資者説道，他是 TipRanks 覆蓋的前 4% 投資者之一。&#34;我預計存儲市場的供需失衡將會正常化，從而削弱 MU 的定價能力並壓縮利潤率。&#34;</p>
</div><p>In that sense, MU is playing on borrowed time, according to Dergunov. While he acknowledges that the memory shortage could persist longer than with previous cycles, eventually the pendulum will swing back &#34;from undersupplied to oversaturated.&#34;</p>
<div class="lb-trans"><p>在德爾古諾夫看來，從這個意義上説，MU 正在借用時間。雖然他承認存儲短缺可能會比以往週期持續更長時間，但最終擺錘將會回擺，&#34;從供不應求轉向供過於求。&#34;</p>
</div><p>That would serve as a significant drag on profits, making multiple compression a foregone conclusion. &#34;I believe that Micron's stock price is destined to fall hard,&#34; adds Dergunov.</p>
<div class="lb-trans"><p>這將對利潤造成顯著拖累，使得多重壓縮成為必然。&#34;我相信美光的股價註定會大幅下跌，&#34;德爾古諾夫補充道。</p>
</div><p>Indeed, the investor calls the company's valuation &#34;preposterous,&#34; its price action &#34;parabolic,&#34; and its vertical chart &#34;insane.&#34; That all adds up to a stock that is beginning to resemble a &#34;bubble.&#34;</p>
<div class="lb-trans"><p>事實上，這位投資者稱公司的估值&#34;荒謬&#34;，其價格走勢&#34;拋物線&#34;，而其垂直圖表&#34;瘋狂&#34;。這一切加起來使得這隻股票開始像是一個&#34;泡沫&#34;。</p>
</div><p>Though FOMO-induced buying could continue pushing MU higher, Dergunov doesn't expect its share price to remain there forever. Citing his concerns about Micron's long-term valuation, it's therefore an easy investment decision.</p>
<div class="lb-trans"><p>儘管由於 FOMO（錯失恐懼症）引發的購買可能繼續推動 MU 上漲，德爾古諾夫並不認為其股價會永遠保持在那兒。鑑於他對美光長期估值的擔憂，因此這是一個簡單的投資決策。</p>
</div><p>&#34;I downgrade MU to a sell, anticipating a correction to $600–$500 and potentially lower levels longer term,&#34; sums up Dergunov. (To watch Dergunov's track record, click here)</p>
<div class="lb-trans"><p>&#34;我將 MU 評級下調至賣出，預計將修正至 600 美元–500 美元，甚至更低的水平，&#34;德爾古諾夫總結道。（要查看德爾古諾夫的業績記錄，請點擊這裏）</p>
</div><p>Wall Street doesn't see it that way – though it hasn't quite caught up to the market's exuberance, either. MU enjoys a Strong Buy consensus rating backed by 27 Buys and 3 Holds. Still, the Street's average 12-month price target of $657.41 implies about 8% downside from current levels. (See <strong>MU stock forecast</strong>)</p>
<div class="lb-trans"><p>華爾街並不這樣看待 – 儘管它也沒有完全跟上市場的熱情。MU 享有強烈買入的共識評級，支持者包括 27 個買入和 3 個持有。然而，華爾街的平均 12 個月目標價為 657.41 美元，意味着從當前水平約有 8% 的下行空間。（見 <strong>MU 股票預測</strong>）</p>
</div>

'Things Could Get Ugly,' Says Top Investor About Micron Stock

- Micron 股票在過去一年上漲約 630%，受 AI 需求驅動。  
- 投資者 Victor Dergunov 認為，記憶市場供需失衡將導致價格權力削弱。  
- 他將 Micron 股票評級下調為 “賣出”，預測價格回落至 $600–$500。

頂級投資者在談論美光科技股票時表示，‘情況可能會變得很糟糕’