Micron Stock (MU)

I have just covered the balance of my high-beta, high-tech short basket for a large gain: * $AMAT $569.74 (-$11) * $AMD $504.44 (-$25) * $CAT $889.10 (-$25) * $CRWV $72.67 (-$5) * $INTC $97.78 (-$5) * $MU $850.75 (-$55) * $SNDK $1440.64 (-$175) Position: None

I am covering some of my high-beta/high-tech positions in my short basket now: * $CRWV $74.91 (-$5) * $AMD $512.45 (-36) * $MU $879.74 (-$104) * $INTC $99.53 (-$8) * $SNDK $1,498 (-$259) * $AMAT $559.96 (-$36) * $CAT $892.69 (-$41) Position: Short CRWV (VS), AMD (VS), MU (VS), INTC (VS), SNDK (VS), AMAT (VS), CAT (VS)

The imbalance and spastic relationship between memory/semis (weak) vis-à-vis hyperscalers (strong) continue today. Like a baby splashing in a bathtub, the situation is changing daily. Tough to evaluate and trade on an intraday basis. I am long ($AMZN), ($GOOGL) and ($MSFT) and I am short a basket of semis and memory stocks (e.g ($MU) ($SNDK) ($INTC) …

I am still short my high-beta, high-tech basket which includes these names (and others): Intel ($INTC), Micron ($MU), SanDisk ($SNDK), Applied Materials ($AMAT), Advanced Micro Devices ($AMD), Caterpillar ($CAT), CoreWeave ($CRWV). Position: Short INTC (S), MU (S), SNDK (S), AMAT (S), AMD (S), CAT (S), CRWV (S).

* S&P EPS growth, that is…. The business media has been ecstatic about strong, aggregate S&P EPS growth – serving as the foundation of the bullish argument. But, take out Micron ($MU) and Nvidia’s ($NVDA) earnings, all the non recurring gains (in the hyperscalers) from unrealized investment gains coupled with the (one time) energy sector contributions …