Berkshire Has Gained 16% in About 5 Weeks

Impact · against what's priced in

The record-high price for BRK-B remains speculative ahead of Saturday's earnings report, as the market awaits confirmation of continued buybacks to justify the 16% rally. The recent price declines in MU and NVDA provide no new data regarding their structural AI demand or revenue per-gigawatt assumptions.

MU+0.00

Doesn't touch the price's assumptions

The price assumes

Near-term AI memory demand and HBM3E sell-out (through 2027)

The article notes a 25.3% price decline over five weeks but provides no fundamental data that changes the assumptions regarding HBM3E supply or AI demand.

What MU's price assumes · Sep 9

• leadership changeNew
• earnings▲5%
• MU
• NVDA
• BRK-B
• SIRI
• buybacks
• cash reserves