3D XPoint: Not The Point

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About: Micron Technology, Inc. (MU), INTC
by: Stephen Breezy
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Stephen Breezy
Long/short equity, tech, chipmakers, alternative energy
Summary

The 3D XPoint announcement is a red herring.

A related industry checkmate exists but Intel and Micron do not have exclusivity yet.

The ink on the deal to acquire Micron is dry, pending the closure of the ECD bankruptcy.

Back in June, I predicted that Intel (NASDAQ:INTC) and Micron (NASDAQ:MU) were close to releasing a new, nonvolatile memory technology that would disrupt the fundamentals of computing price, performance and power