Micron Technology, Inc.
MU
position
long
Gavin Baker, Atreides Management
Thesis
Gavin Baker identified generative AI as a significant driver for a memory super-cycle, predicting that memory and storage stocks would rebound. He noted that Micron has already seen a substantial increase in its stock price, reflecting this trend.
Did it work?
worked
confidence: high
The thesis predicted a rebound in memory and storage stocks driven by generative AI, and Micron's stock price has increased by an impressive 955.7% since the pitch. Given that 31 months have elapsed, which is well beyond the typical investment horizon for such a thesis, it is clear that the anticipated super-cycle has materialized. This strong performance aligns with the thesis, confirming its validity.
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