Micron shakes off the correction – the memory story remains intact for me!

After the recent turbulence, I see remarkable strength at Micron Technology. The stock is climbing again on Thursday, leading a broad recovery of memory chip values. Notably, the market confidently ignored the announcement from rival SK Hynix about its plans to triple wafer capacity. For me, this is completely understandable, as this tripling is not expected to take effect until around the year 2034 – a time frame that likely does not concern current Micron shareholders. On the contrary: The fact that even such a mega-expansion may not be enough...