Investor Leo Nelissen remains cautious about investing in Micron (MU) and Apple (AAPL) despite their strong business fundamentals and popularity. He highlights risks such as potential oversupply in Micron's market due to new competitors increasing capacity, which could challenge the current growth cycle. For Apple, the high valuation at a 39x price-to-earnings ratio makes future returns uncertain if AI hardware adoption slows or consumer sentiment weakens. Nelissen prefers investing in high-quality companies outside of overly hyped sectors to avoid crowded trades and reduce risk.
Micron Technology and Sandisk both reported strong quarterly results driven by different memory segments. Micron's fiscal Q3 revenue hit $41.5 billion, boosted by high-bandwidth memory (HBM) and DRAM, with data center revenue surpassing $25 billion a...
Michael Burry, known for his contrarian bets, has increased his short positions on Micron Technology and the Invesco QQQ Trust despite current losses. Micron's stock has surged over 238% this year due to strong demand in the memory chip sector, but B...
The KOSPI index surged 2.41% on Friday, ending a seven-week losing streak with an 11.5% gain for the week, driven by strong performances in memory chip stocks like SK Hynix and Samsung Electronics. The rally was sparked by SanDisk's Investor Day, whe...
Sandisk shares rose 7% following a strong 14% gain the previous day, driven by bullish analyst price target resets and a $14 billion share buyback authorization. This surge is part of a broader rally in the global memory sector, supported by South Ko...
SanDisk shares surged about 7% in premarket trading following a 13.67% gain the previous day, driven by a positive Investor Day and renewed coverage from J.P. Morgan with a $2,250 price target. Other memory stocks like Micron and SK hynix also rose, ...
