NVDA is cheap. One analyst says so.
Nvidia is sitting at three-month highs on a thesis that needs basically everything to go right for the next two years. Morgan Stanley just told you to buy it anyway.
The Mole
Mole created Evil Speculator amidst the chaos of the financial crisis in early August of 2008. His vision for Evil Speculator is a refuge of reason, hands-on trading knowledge, and inspiration for traders of all ages and stripes. You can follow him and his nefarious schemes at the usual social media waterholes.
MU Beat – The Market Shrugged
Micron printed $54 billion in revenue last quarter. Nearly 4x year-over-year. Net profit up more than 10x. Guidance well above consensus. Management said supply and demand in the memory market would stay tight through 2028.
Micron Reports Tonight – SPY Sitting On Hair Trigger
Micron reports after the close tonight. Normally I wouldn’t build an entire email around a single earnings print, but this one lands at a spot where two things line up in a way that doesn’t happen often: a real question…