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10/2 Micron: The Endorsement Of An Icon

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TREND1 Member Level  Tuesday, 10/03/17 03:30:48 PM
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10/2 Micron: The Endorsement Of An Icon

•Confirming this author's previously expressed view, Bill Joy, co-founder of Sun Microsystems, now a principal at Water Street Capital, advocates the hedge fund takes large, long-term position in Micron.

•Joy believes the stock's history of extreme whipsaws is over, and increasing proliferation of AI and machine learning assures consistent future growth for Micron.

•Memory production by competitors is constrained.

•Prospects of global memory oversupply as a result of Chinese government-backed production have abated in the near- to medium-term.



https://seekingalpha.com/article/4111163-micron-endorsement-icon


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