Memory and storage stocks including Micron, SanDisk, and Western Digital dropped 5-7% due to rising U.S. Treasury yields increasing the cost of capital and discount rates on future earnings. This selloff is a valuation reset after a strong 2026 rally, not driven by changes in memory fundamentals like pricing or demand. The sector remains supported by AI-driven demand for memory chips, but higher financing costs and lofty valuations are causing the pullback. Investors should watch Treasury yields, memory pricing trends, and technical levels for further direction.
Jim Cramer broke his usual rule by endorsing buying SanDisk stock even after it surged over 591% year-to-date, arguing that the memory chip industry has fundamentally changed. He points to new multi-year take-or-pay contracts with firm volume and pri...
David Tepper’s Appaloosa Management disclosed new large positions in American Airlines and Boeing in Q2 2026, marking a strategic move into the aviation sector. This follows Tepper's successful call on memory-chip stocks like Micron, which soared in ...
David Tepper's Appaloosa fund initiated significant put option positions on Apple and Berkshire Hathaway, suggesting a cautious or hedging approach amid concerns over Apple's inflated earnings and memory pricing volatility. The puts on Berkshire like...
David Tepper's Appaloosa LP disclosed its Q2 2026 portfolio centered on five mega-cap AI-related stocks: Amazon, Micron, Taiwan Semiconductor, Meta, and Alphabet. Tepper maintained Amazon as the largest holding and trimmed Micron shares by 41%, takin...
Jack Bowman remains bullish on the Invesco S&P 500 Momentum ETF (SPMO), maintaining his buy rating and expecting the S&P 500 index to reach or exceed 8,500 by the end of the year. He highlights SPMO's attractive look-through forward P/E ratio of 17.3...
