$1,255 was the top and momentum has turned downward.
A weekly close below $900 will be the confirmation of this and serve as a major sell signal for us. That has not occurred yet, but that is our line in the sand.
Price rose so dramatically based on a backlog of future orders and "future price to earnings" expectations.
This is exactly what happened in the tulip bubble and this is going to end exactly like the tulip bubble. As soon as Micron's Ai RAM buyers start saying, "Ooops. We know we promised to buy those 40 billion worth of chips you already made, but... we lost our financing and can't accept delivery or pay for those."
That is Exactly what happened in the tulip bubble. The wagons rolled in with the fancy hybrid colored tulips, but the people that ordered them didn't show up.
OpenAi went around southeast Asia, signed multiple non-binding letters of intent, the markets have traded based on the expectation that those non-binding letters were transfers of actual capital.
Note: I did just purchase put options on MU, and I plan to buy more.
A weekly close below $900 will be the confirmation of this and serve as a major sell signal for us. That has not occurred yet, but that is our line in the sand.
Price rose so dramatically based on a backlog of future orders and "future price to earnings" expectations.
This is exactly what happened in the tulip bubble and this is going to end exactly like the tulip bubble. As soon as Micron's Ai RAM buyers start saying, "Ooops. We know we promised to buy those 40 billion worth of chips you already made, but... we lost our financing and can't accept delivery or pay for those."
That is Exactly what happened in the tulip bubble. The wagons rolled in with the fancy hybrid colored tulips, but the people that ordered them didn't show up.
OpenAi went around southeast Asia, signed multiple non-binding letters of intent, the markets have traded based on the expectation that those non-binding letters were transfers of actual capital.
Note: I did just purchase put options on MU, and I plan to buy more.
Nota
Micron’s historical filings have emphasized that memory customers often avoid fixed-price long-term contracts, and that order volumes and prices can change with market conditions. Micron has also cautioned that conventional order backlog may not reliably predict future sales.The best public estimate for Micron's order backlog is based on its recently disclosed Strategic Customer Agreements (SCAs).
If a customer fails to carry out these SCAs, Micron would generally need to pursue the contractual remedies—such as retaining deposits, drawing on letters of credit, demanding payment, or bringing an arbitration or court claim.
Micron has not publicly disclosed the complete agreements or quantified the exact damages and remedies available for every customer.
As of Micron’s fiscal Q3 2026 disclosures:
Micron had 16 multi-year strategic customer agreements with hyperscalers, automakers, and other customers.
The agreements span roughly three to five years. They include approximately $22 billion of customer deposits and other financial commitments.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.