Editor’s Note: My colleague Luke Lango was ranked America’s #1 stock picker in 2020. He was mentored by two hedge fund billionaires from two of Wall Street’s most successful hedge fund managers and trained at Caltech – the #1 university in the world. His readers have had the chance to see gains as high as AMD +8,500%… Nvidia +5,000%… Tesla +3,500%… GameStop +2,700%… Shopify +1,400%… Netflix +1,200%… Palantir +1,200%… and Apple +890%. Now he’s releasing his next big pick.
Dear Reader,
You’ve probably heard all kinds of wild ideas about what Elon Musk is planning next…
With SpaceX on the cusp of “the mother of all IPOs”, your inbox is probably full of news about data centers in space, new AI breakthroughs or his plans to literally ‘go astronomical’.
The problem is, all of those crazy predictions are WRONG.
Away from the headlines, Elon has just made his next big move – a project he’s been planning to launch for 27 years.
And it’s far bigger and much stranger than anything he’s done before.
It could be 15 times bigger than SpaceX, Tesla and xAI – put together.
Elon had to get approval in all 50 states before he could launch it…
The White House has already passed two Executive Orders preparing the way…
Now the rollout has officially begun.
The last time I found an opportunity like this, you could have made as much as 31,000% over the course of a decade.
But if my research is correct…
This could be even bigger – here’s EXACTLY what to buy before it’s too late.
Please… don’t miss this opportunity. If you missed out on Tesla, or any of Elon’s other big launches, you really don’t want to let this opportunity pass you by.
It’s set to be the biggest disruption yet.
And it’s happening NOW.
Get the full story while there’s still time here.
Best,
Luke Lango
Senior Investment Analyst, InvestorPlace
P.S. Click here to get the name and ticker of my #1 Elon Musk play – it’s completely free.
But the real money will be made with his NEW project…
I’ve never seen anything as big as this before.
This isn’t rockets or AI or robots. It’s something far more disruptive, and it’s happening right now, largely under the radar.
FEATURED ARTICLE
MU Is at a 52-Week High With an EPS Surprise of 32%. The Next Earnings Cycle Could Be Even Bigger.
Published: May 3nd, 2026 | $MU ( ▲ 6.08% )
There’s a difference between a stock hitting a 52-week high because sentiment ran ahead of fundamentals — and a stock hitting a 52-week high because the fundamentals themselves are exploding. Micron right now is the latter. That distinction matters enormously for how you structure exposure going into the next earnings window.
MU closed near $542 last week, touching a fresh 52-week high of $545.91. That’s a 70% gain year-to-date and a run from a 52-week low of $78.54 that most investors still haven’t fully processed. Volume on May 1 alone topped 40 million shares against an average daily volume of roughly 37 million — elevated, sustained, and directionally clean.
The Numbers That Actually Matter
Micron’s Q2 fiscal 2026 print was not a modest beat. EPS came in at $12.20 against an $8.60 estimate — a 41.8% surprise. Revenue for the quarter reached $23.9B against an expected $19.97B. The quarter before that, net income was $5.24B. Last quarter: $13.79B. That’s not cyclical recovery — that’s vertical acceleration.
And the forward setup is even more aggressive. Q3 fiscal 2026 consensus EPS sits at roughly $18.97–$19.31 per share, with revenue estimates spanning $33.7B to $40.9B. The wide range on that revenue estimate tells you something important: the Street genuinely doesn’t know how fast AI data center buildout will continue. That uncertainty is the options opportunity.
Here’s the structural piece. Micron has publicly stated it is sold out of high-bandwidth memory (HBM) for the next several quarters. HBM is the specialized DRAM that sits directly alongside AI processors — the chips that power NVIDIA and AMD GPU clusters. There are only three global suppliers: Micron, SK Hynix, and Samsung. Supply constraints in a structural demand environment don’t just protect margins — they compress valuation multiples upward.
Why the Options Setup Into June Is Interesting
Next earnings are expected around June 24.That gives the market roughly seven weeks of positioning runway. IV rank on MU has historically been elevated heading into earnings cycles — and with a stock that moved 7% intraday on May 1 on sector catalysts alone (Seagate’s upbeat commentary, Meta raising capex forecasts), realized volatility is running high enough to make premium selling frameworks viable alongside directional plays.
D.A. Davidson initiated with a Buy and a $1,000 price target — which reads as aggressive until you model the HBM revenue stream as structural rather than cyclical. The bull case is straightforward: if MU successfully transitions HBM from a cyclical product to a recurring infrastructure revenue line, the multiple re-rates higher over time. Capital expenditure is running at roughly $6.4B per quarter as the company expands manufacturing capacity — so free cash flow discipline will be the key financial watch item through the rest of 2026.
The bear case is also real. Revenue estimates for Q3 span a $7.2B range. That’s not analyst disagreement — that’s genuine macro uncertainty about whether hyperscaler capex holds at current levels. Meta recently raised its capex forecast in part due to higher component prices, a positive for MU pricing power, but one event doesn’t resolve the broader question.
For traders expecting continued momentum:a call spread targeting the $575–$620 range in June expiration frames the bull case with defined risk as IV builds into earnings. For traders expecting a pullback from the highs: a put spread in the $490–$510 zone below key support levels offers a defined-risk position against a potential mean reversion. For neutral traders:the volatility environment into earnings makes an iron condor viable — but the range needs to be wide given MU’s beta of 2.11 and a history of large post-earnings moves.
Micron is not a story anymore. The revenue went from $6.8B in Q3 fiscal 2024 to $23.9B in Q2 fiscal 2026. At some point that trajectory stops being speculative and starts being structural. The market is beginning to price that in. The June earnings cycle will tell us how far along that repricing actually is.
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investing involves risk, including the potential loss of principal. Always do your own research before making investment decisions.
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