Locator: 51843MICRON.
Market action certainly suggests "things just below the surface" don't look anywhere as good as they seem in tech. Check out Mattel today, the outgoing CEO, and where he's headed. Seriously, did Ynon Kreiz do anything at Mattel. I seriously don't know but the eight-year chart looks awful. Trading near $50 in 2013, Mattel's share price has fallen steadily, and is now barely above $11. The overall economy, for investors, has a lot of red flags - at the end of the day, Micron had an incredible report but it was not a bit reassuring. "Everything," it appears, had already been baked into the earnings call and the market's reaction to the earnings call.
Has memory become the new oil? IYKYK. I don't know. Micron, 4Q26, ending August, 2026:
What does Micron make and who uses what chips? Link here. Link here: https://share.google/aimode/PM5VeiIkCjuF4p1NH.
Cash on hand and operating cash flow: absolutely insane (rounded) --
- cash on hand: $75 billion;
- operating cash flow: $45 billion;
- means nothing to me unless I compare it to BRK for example
- Ford Company's market cap: $50 billion.
- cash on hand: $30 billion;
- operating cash flow on a quarterly basis: <$5 billion
