MU - Micron Technology

Gareth says he will look to buy Micron at a major gap fill, which is about $90 lower from current trading levels.

Memory demand exploding; backlog strong as mentioned in context of positive chip makers.

AI infrastructure stocks that got beat up are good for buy and hold.

Strong customer validation from Elon Musk, massive earnings beats, expanding margins, low forward P/E, huge free cash flow generation and buyback potential, and structural demand for memory driven by AI.

Memory supercycle discussed, stock skyrocketing. Host considers adding more.

Correction is healthy and creates new entry points; demand for memory remains strong due to AI compute needs

UBS upgrade: expects Micron to generate $40B+ FCF by 2028 and potentially buy back >40% of shares after restrictions expire in December. Strong beneficiary of AI memory demand.

Strong breakout pattern with shallowing base; successful past trades; recommends buying near $470 with stop at $430 for 8% risk, targeting further upside.

Major support at 750-760 with gap fill and Fibonacci 618 confluence, offering an aggressive buy near current levels and a conservative buy on a drop to the zone. Probability of bounce 75-80%.

Down 15% in two days, 30% from June highs; semiconductor selloff dragging it lower.