Locator: 49034TECH.
With regard to "hype," just to make sure folks understand what we're talking about here:
- the "hype" has to do with the share prices of the publicly-traded tech companies of interest;
- the "hype" has nothing to do with the actual activity in the tech sector.
In other words, movers and shakers can affect the price of shares which can lead to great volatility in share price, but this has nothing to do with the actual activity in the tech sector and/or CAPEX being spent, or deals being made.
Traders and investors are ready to swoop in and buy shares in the "great eight" if shares do fall.
Later: just after posting the above, came across this, link here.
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Disclaimer
Brief
Reminder
Briefly:
- I am
inappropriately exuberant about the Bakken and I am often well out front
of my headlights. I am often appropriately accused of hyperbole when it
comes to the Bakken.
- I am inappropriately exuberant about the US economy and the US market.
- I am also inappropriately exuberant about all things Apple.
- See disclaimer. This is not an investment site.
- Disclaimer:
this is not an investment site. Do not make any investment, financial,
job, career, travel, or relationship decisions based on what you read
here or think you may have read here. All my posts are done quickly:
there will be content and typographical errors. If something appears wrong, it probably is. Feel free to fact check everything.
- If anything on any of my posts is important to you, go to the source. If/when I find typographical / content errors, I will correct them.
- Reminder: I am inappropriately exuberant about the Bakken, US economy, and the US market.
- I am also inappropriately exuberant about all things Apple.
- And now, Nvidia, also. I am also inappropriately exuberant about all things Nvidia. Nvidia is a metonym for AI and/or the sixth industrial revolution.
- I've now added Broadcom to the disclaimer. I am also inappropriately exuberant about all things Broadcom.
- Longer version here.
AI is not going to go away; large language models (LLMs) are not going to go away; the "great eight" are not going to go away. The "great eight" have relative monopolies in their "core competencies."
Most interesting? How "AI" plays out.
My hunch: analysts are flying blind.
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Micron
Of the better well-known tech companies, for example, Micron is my least favorite and one that was not in my first group of tech investments when I began to pivot to tech about two to three years ago.
But I have since made Micron one of may major tech positions.
Below are screenshots of the ticker at one year, five years and max.
Things that stick out:
- very low market cap compared to the tech companies in the "trillion-dollar club,"
- a P/E of less than 25 -- compare with other tech companies,
- pays a dividend, albeit very, very low;
- note the volatility, and the opportunity to make huge profits on this volatility
- trading at $130 now, one could have bought Micro at $70 just a few months ago
- back in 2020, MU was going for $46
Not seen in the ticker: Micron is still considered to be in a niche of its own.
The most important data point when picking tech companies in which to invest? The CEO.
The CEO of Micron is Sanjay Mehrotra. There are a number of data points in the biography below that excite me:
Most important data point: most of the CEOs of these American tech companies are in the prime of their lives.
