TMT Breakout

TMT Breakout

Share this post

TMT Breakout
TMT Breakout
TMTB Morning Wrap
Copy link
Facebook
Email
Notes
More

TMTB Morning Wrap

TMT Breakout's avatar
TMT Breakout
Dec 18, 2024
∙ Paid
4

Share this post

TMT Breakout
TMT Breakout
TMTB Morning Wrap
Copy link
Facebook
Email
Notes
More
1
Share

QQQs +17bpsbps as all eyes on FOMC this afternoon. MU EPS after the close. BTC -1.3% back to $105k. Yields ticking up slightly. NVDA +3% green in the pre-market! TSLA -2% red in the pre-market! What’s happening!!!

Let’s dive straight in…


MU Bogeys (reports after the close)

Sentiment generally subdued as DRAM pricing checks have been weak, but has improved over the last week (stock +15%) after AVGO’s print as bulls still comfortable looking past near-term DRAM weakness while remaining more positive on HBM ramp in ‘25 and beyond. Investors don’t want a repeat of AVGO and remember last q when MU beat despite weak checks so I’ve heard of short covering over the last week. Bears will point to Samsung ramping up and continued DRAM weakness given PC/smartphone weakness. Bogeys generally inline with street…

Q1 Revs: $8.75B vs street at $8.72B
Q2 Revs: In-line vs street at $9B
Q2 EPS: $1.90 vs street at $1.93


3p Roundup:

Keep reading with a 7-day free trial

Subscribe to TMT Breakout to keep reading this post and get 7 days of free access to the full post archives.

Already a paid subscriber? Sign in
© 2025 TMT Breakout
Privacy ∙ Terms ∙ Collection notice
Start writingGet the app
Substack is the home for great culture

Share

Copy link
Facebook
Email
Notes
More