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How Meet Kevin’s view on $MU changed

Channel profile →This channel has 3 credited speakers: Adam Jonas, Goldman Sachs, Wells Fargo2 entries
2026-08-26Bearish
“Nvidia Stock Earnings (And Salesforce, Veeva, & Crowdstrike) LIVE”
Speaker avoids owning MU due to skepticism about long-term (decade) memory price robustness, despite short-term strength in AI demand.

What are the chances the AI buildout goes to 2K for Micron? feel the case is stronger than before, but it feels so um you know what really shot up the memory stocks was leverage in Korea.

I hate to say it, I don't love playing off of leverage, but I think what drives a lot of the memory cycle right now is I will show you hold on in our stock tab. I believe it is under the Nvidia tab when we were prepping for the Nvidia earnings.

Watch the source26:46
Direction flip
2026-08-24
“Memory Stock Crash, Bessent Bailout, Iran, Stocks & Real Estate”
Micron faces a memory shortage now, but the cycle will eventually end; the market already expects price declines, and the bull case hinges on an extended plateau, which is uncertain and poses downside risk.

But uh you know now the question is are we getting visibility potentially into price decreases the second derivative turning negative and if the second derivative turns negative on price and growth and they're not buying back as much as expected what does that mean for a company like Micron who's obviously expecting a significant uh uh buyback market a lot of people are expecting big buybacks here mostly because the executives are like oh yeah we're going to return so much capital shareholders Yeah, that's great.

Cool. That sounds wonderful. But then you get UBS that comes out and UBS is like, "Oh yeah, you know, we're actually we're going to return like I don't know how about how does uh eight uh you know, 40% of the company we're going to buy back potentially 40% of the company sound."

That's great. That helps. Thanks, UBS. But does that actually end up uh driving reality if Micron comes out and says, "Oh yeah, we're going to do a buyback and it's only 10%." Right? Oh, that's disappointing.

Watch the source03:28
KolSays