Asymmetric Investing by Travis Hoium 对 $MU 的判断变化

2026-09-29看跌
《Risk Warning: 5 Stocks to Sell Before It's Too Late》
Micron已接近业绩峰值,利润率不可持续;鉴于未来需求与供给可能发生变化,建议部分获利了结。

但当今人工智能领域最热门的公司之一呢?它就是 Micron,一家市值 1.2 万亿美元的公司。看 Micron 的图表,很难不对其业务中正在发生的事情印象深刻。

But what about one of the most popular companies in the field of artificial intelligence today? It is Micron, a company with a market capitalization of $1.2 trillion. It's hard to look at Micron's charts without being extremely impressed by what's happening in its business.

我们来看看营业利润。如你所见,营收大幅增长,但随之而来的是什么?营业利润和毛利。这是因为该公司只是提高价格。它并没有增加所生产产品的数量,也没有增加所生产的存储器的数量,也没有增加成本,而是把这笔钱加到了净利润里。

Let's take a look at operating profit. As you can see, revenue has increased significantly, but what followed? Operating profit and gross profit. This is because the company simply raises prices.

It does not increase the quantity of products it produces, nor the quantity of memory it produces, nor does it increase its costs, but rather it adds this money to its net profits.