Crazy how fast the memory narrative flips.
A few sessions ago the talk was that names like MU and SNDK had already run too hard.
Now one supply shift later and people are back to asking whether the real move is only just starting.
That’s why this part of the market is so hard to trade.
When supply tightens, pricing power can change fast, and suddenly what looked “too expensive” starts getting re-rated again.
I still think memory is one of the most important pieces of the AI hardware story.
The real question now is whether this is the start of a bigger leg higher, or just another sentiment spike that gets sold.
Are you treating this as a real breakout in the memory theme, or just hype getting overheated again?
Broad Market Rallies But MU, SNDK Slide: Buy the Dip or Wait?
Micron fell 3.44%, with recovery contingent on reclaiming the $80 level; HBM fundamentals remain intact, but session flows rotated into NVDA and emerging AI names. SanDisk formally recommended shareholders reject Tutanota LLC's mini-tender offer, erasing takeover premium expectations and amplifying selling pressure — management rejection typically signals undervaluation, but removes the near-term M&A catalyst. On a strong broad-market day, both MU and SNDK declined — are you adding on weakness, or do you think the trend has shifted?
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