The analyst rotated out of Tesla (TSLA) into Micron (MU), indicating an exit from TSLA and a long position in MU.
The rotation was based on a prediction that Optimus would require a massive order of HBM memory, benefiting Micron.
Few doubted my $tsla to $mu rotation. My $mu earliest lot was $452, with overall average of $615 on entire position. The date coincides exactly my crazy idea post predicting Optimus requiring massive order of HBM memory. https://t.co/YJgmwQM3b7
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +1.2% | +1.9% |
| 1 week | +4.9% | +3.5% |
| 1 month | -17.6% | -18.2% |
| 3 months | — | — |
| 6 months | — | — |