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Micron's Earnings Are Exploding—But Is the AI Memory Boom Becoming a Valuation Trap?

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STOCK ANALYSIS | VALUE INVESTING | AI & SEMICONDUCTORS Micron Technology is delivering the kind of earnings growth that makes Wall Street lose its collective mind. Artificial intelligence is creating extraordinary demand for memory chips, profit margins are reaching remarkable levels, and investors are wondering whether the party can last. But I've seen enough semiconductor cycles to know that sometimes the most dangerous moment to buy a stock is when the company appears incapable of doing anything wrong. October 19, 2026 |  I've been following the semiconductor industry long enough to recognize a familiar pattern whenever Wall Street discovers a company making extraordinary amounts of money. First comes the excitement, followed by the analysts raising their price targets, followed by investors convincing themselves that traditional valuation principles no longer apply because this time the technology is revolutionary. Eventually, somebody announces that we've entered a...
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Bank of America Stock Analysis: Is BAC Cheap After Its $1.2 Billion Regulatory Settlement?

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STOCK ANALYSIS | BANKING & FINANCIALS | OCTOBER 18, 2026 Bank of America Bought Back $6 Billion of Stock—Then Lost $1.2 Billion to Compliance Failures Bank of America (NYSE: BAC) delivered stronger underlying third-quarter results than its reported earnings initially suggested. But a massive regulatory settlement has introduced a question investors cannot afford to ignore: How much should we pay for a profitable bank when its governance problems are becoming part of the investment equation? Q3 2026 EARNINGS SNAPSHOT Reported net income $6.9B $0.91 diluted EPS Adjusted net income $8.1B $1.08 adjusted EPS Regulatory charge $1.2B Recognized in expenses Capital returned $8.2B Buybacks and common dividends Source: Bank of America's third-quarter earnings materials filed October 14, 2026. SEC +1 Bank of America Bought Back $6 Billion of Stock—Then Lost $1.2 Billion to Compliance Failures A Cheap Bank Can Stay Cheap When Governance Enters the Valuation I've always believed that so...
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TSMC's 51% Net Margin Looks Like Software—Its $64 Billion Capital Budget Does Not

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Taiwan Semiconductor Is Printing Money From AI. Now Comes the Expensive Part: Proving Today's Chip Shortage Won't Become Tomorrow's Overcapacity. October 17, 2026 | Stock Analysis • Artificial Intelligence • Semiconductor Investing I've followed enough earnings reports to know that occasionally a company delivers numbers so extraordinary that I find myself checking whether someone accidentally added an extra digit. Taiwan Semiconductor Manufacturing Company (NYSE: TSM) just delivered one of those reports. Third-quarter revenue surged 50.9% in New Taiwan dollar terms. Net income jumped 68.7%. Gross margins reached 66.4%, operating margins climbed to 58.7%, and net profit margins hit an almost ridiculous 51.1%. Let me put that last number into perspective. For every $100 in revenue, TSMC retained roughly $51 in accounting profit after expenses and taxes. That's the kind of profitability I normally associate with dominant software businesses, companies that can sell an...
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