Welcome back. Would be great to get your take on the current status with MU down 30% and SNDK/Kioxia and the Koreans all down around 50%. Obviously the fundamentals and underlying businesses are only getting better with long term stability and growth. Is the excess leverage shaken out and is the “rotation to optics” meme real or just a temporary thing
Thank you. This is a great topic and question! You put it exactly right, share prices have retraced significantly yet underlying business fundamentals are only improving... I think it's an excellent mispricing gap. Strong confirmation to scale in more size/increase positioning, more than happy to go more in-depth on the memory theme in a post soon. Thanks for the topic idea
Welcome back. Would be great to get your take on the current status with MU down 30% and SNDK/Kioxia and the Koreans all down around 50%. Obviously the fundamentals and underlying businesses are only getting better with long term stability and growth. Is the excess leverage shaken out and is the “rotation to optics” meme real or just a temporary thing
Thank you. This is a great topic and question! You put it exactly right, share prices have retraced significantly yet underlying business fundamentals are only improving... I think it's an excellent mispricing gap. Strong confirmation to scale in more size/increase positioning, more than happy to go more in-depth on the memory theme in a post soon. Thanks for the topic idea