Do people realize how cheap memory stocks still look relative to the demand story?
Trading at a multiple that doesn't exactly reflect a multi-year AI memory cycle.
Western Digital
Still priced like the market expects normalization long before supply catches up.
SK Hynix
One of the biggest beneficiaries of HBM demand, yet valuation remains surprisingly restrained.
Samsung
Massive memory exposure with AI demand continuing to build underneath the surface.
Then you have Jensen Huang openly saying memory constraints could last for years, not quarters.
The market keeps obsessing over GPUs, but memory is becoming just as critical to the AI stack. If demand keeps outpacing supply, this group may still be one of the most overlooked parts of the AI trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
