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Here's why top memory stocks like SanDisk, Micron, and Western Digital are still cheap despite elevated cyclical and AI bubble worries.
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Micron CEO Sanjay Mehrotra states that AI infrastructure demand has fundamentally changed the memory industry from cyclical to structural growth. Data center memory demand exceeds supply by 50%, with additional demand from autonomous vehicles and edge AI devices. Recent memory stock sell-offs present attractive buying opportunities as the sector is poised for long-term growth.
Read original at the-motley-foolSanDisk (SNDK) stock is up almost 3% on strong market sentiment and an optimistic outlook for the AI-driven memory cycle.
Read original at benzingaSandisk (SNDK) dips 5% premarket. With key support at $1,485 and resistance at $1,696, watch where traders step in next.
Read original at benzingaThe July goods gap widened to $118.8B as capital goods imports hit a record $140.1B and Korean chip shipments to the US surged 68.7%
Read original at benzingaMicron Technology stock declined on Thursday amid profit-taking, Nvidia's margin disclosures, and potential U.S. chip tariffs.
Read original at benzingaIf Nvidia were to reach that level from its current price of around $226, its market capitalization would climb to about $12.5 trillion.
Read original at benzinga