JP Morgan 绞尽脑子，终于想到3个MU下跌的原因

来源: 于 2026-03-18 19:03:10 [博客] [旧帖] [给我悄悄话] 本文已被阅读：次

1) extremely high positioning --- one of the most crowded trades. Some people taking profit and leave

2) margins have become a problem --- things can’t get better so 81% margin is "negative"

3) the F27 CapEx guide is up another 25%QoQ (to $25b) --- However, the spend increase is aligned with  things that were already announced during the past 3 months (i.e. should have been anticipated).