Josh Brown (CEO) 00:00.110
i think with micron and this is a really important concept just for all of our viewers no matter what stage of investing you're at one of the hallmarks of a healthy bull market is that it takes out its own trash and when it builds conviction in a strong powerful company that it
Josh Brown (CEO) 00:18.550
really believes in you can see the divergence in price very early micron has been a strong stock but it's actually building in strength and as it reports numbers it doesn't always go up following each report but you see how quickly it recovers and look at this chart the story
Josh Brown (CEO) 00:35.070
tells itself contrast that with SMCI the market decided this was trash was a hundred and eighteen dollars stock in march of twenty twenty four and look how how it is spent the last i don't know twenty months or so just continuously declining it is now a thirty dollar stock both
Josh Brown (CEO) 00:54.350
of these are suppliers to this AI data center build out theme but the market has decided micron is gold and and smci is not and that's where you get that divergent and it's not that there aren't opportunities to buy a stock that declines from one twenty to thirty along the way
Josh Brown (CEO) 01:13.270
if that's really the game that you want to play the better game and i think the game that bill would prefer to play and i would prefer to play is to add the stocks on strength provided the fundamentals continue to come in in your favor a healthy bull market sorts out trash from
Josh Brown (CEO) 01:29.670
from the winners and that's what we continue to see and i think again that's what keeps this from being some sort of a speculative hype bubble it's just not what's going on right now