Locator: 51049MICRON.
Micron: the CNBC folks did not appear all that excited about MU today. This is such an incredible story on so many levels, especially if one listens to the conference call. This is where CNBC could be a great help by going into greater detail what this means.
I suspect we will see a large number of tech stocks surging tomorrow.
For example: GLW, after hours, was up 6% during normal trading hours, and up another $5 after the close.
New price target from one major analyst: $1,750.00
First the charts:
After hours, rose another $170 / share:
Most folks will put this in their "TLDR" folder and then forget it; huge mistake:
Profit margin, 80%+:
To put this in perspective:
- Apple's margins: 40%+
- grocery stores: 1 - 3%
Larger so older folks can read this:
This is expected to go on for several years.
"You can howl at the wind, but AI is here to stay."
So, remember the first industrial revolution? What were the twin icons of that industrial revolution?
The steam engine and the railroad were the twin engines of the first industrial revolution, fundamentally transforming transportation and manufacturing.
So, what are the twin icons of the current industrial revolution?
Drones and robots.
Along with chatbots and L2+ automobiles.
