r/stocks
My 900% plus gain with Micron
Author details achieving over 900% gains in Micron by recognizing HBM's value in the AI boom, while acknowledging the AI bubble.
- Memory is not merely a commodity; HBM offers significant value in the AI era.
- Semiconductor stocks are being lifted by the rising tide of the broader AI trade.
- The market is currently in an AI bubble, posing a risk of a future correction.
As the AI trade was heating up, in late 2024 and early 2025, I decided to broaden into other areas of the semiconductor industry. In doing so, I wanted to find stocks that were range bound and I zoned in on Micron. This was a company I knew about mainly because it had its headquarters in a very unconventional town: Boise, Idaho.
I bought my first batch in September 2024.
Then in October 2024, I bought three more batches spaced approximately a week apart.
In November 2024, I bought two more batches and finally in December I bought one last batch.
I wasn’t actually expecting this stock to do that well and simply figured it was part of the “drag along“ from the AI trade where semiconductor stocks all get lifted up by the rising tide that is Nvidia.
Architecturally though, I knew that every chipset needs memory and I simply expected this to be a linear factor as Nvidia grew. I did not expect that memory was not indeed a commodity and there was such a thing as HBM.
By tomorrow morning when the market opens, I expect my gains to be in excess of 1000%. I do know we are in an AI bubble but I haven’t yet decided at which point in time I’m going to pull the trigger and sell off my entire position.