Looking at $Micron Technology(MU)$ and $SK hynix(SKHY)$ , these might be among the cheaper opportunities in the market right now. A lot of S&P 500 companies are trading around a 20x forward earnings multiple, but these names still seem to be at a significant discount when you consider their long-term potential in AI and semiconductors.
For $Micron Technology(MU)$ , memory demand, HBM growth, and AI infrastructure spending are still the main catalysts. $SK hynix(SKHY)$ offers exposure to the memory cycle at a lower valuation, though semiconductor stocks are known for their volatility.
If the earnings momentum keeps up, valuation expansion could be the next thing to drive them. From where I stand, it comes down to patience and managing risk. The next phase for these setups looks like it's already forming.
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