Wait for MU earnings before buying AI stock dips; MU results drive sector direction.
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We also begin covering the earnings of technology companies, starting with Micron.
I usually like to buy stocks when they're low, but I'll be cautious about any AI-related dips until Micron reports its results on Wednesday.
Let's talk about Micron . You said you would avoid buying technology stocks when prices are low until we hear from Micron on Wednesday. What exactly do you need to hear from Micron to feel more confident trading tech stocks?
Well, there are the projections , and then there are the unreleased figures . I hope these unreported figures are much higher. Whatever these numbers are , we don't pay much attention to them because they will be as they are.
It's a two-way bet. As you know, either they make the market happy and we see a rise, or they make the market sad and we will not see any rise. You can't bet on that beforehand unless you're a gambler.
Therefore, I advise you to wait and see, but I think the earnings announcement will be very important.
There are many deals that rely on weaknesses that we prefer, the most important of which is the memory sector. Any weakness in memory will have a negative impact. So, yes, I definitely want to hear them talking about increased demand and rising prices, and everything that pleases traders.
If Micron disappoints, which aspects of the AI business are most at risk? I think so . Unfortunately, the problem is that the artificial intelligence business is in many ways considered a single transaction.
As you know, you won't see memory company stocks decline and optoelectronics company stocks rise. So, I think Micron has the ability to cut everything. It also has the potential to lift everything up , and for this reason, as a trader, I do not recommend buying AI stocks when they are falling as we are seeing today before we see what happens with Micron.
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