AI Memory: Ignore The FUD - This Is A Supercycle

Shubhm Mitessh Thakkar437 FollowersFollow5ShareSavePlay(13min)CommentsSummaryMicron Technology, Inc. and Sandisk Corporation are positioned for outsized growth as memory transitions from a commodity to a strategic asset amid persistent shortages.MU receives a Strong Buy rating due to compressed valuations, robust EPS upgrades, and significant upside potential from both earnings and multiple expansion.SNDK is rated Buy on growth prospects and Nasdaq-100 inclusion, with memory price hikes and analyst upgrades supporting the bullish thesis.Key risks include potential CapEx slowdowns and technological innovation, but current supply-demand dynamics and hyperscaler investment underpin a favorable outlook.Overview Micron Technology, Inc. (MU) and Sandisk Corporation (SNDK) have been one of, if not the best, performers in the Nasdaq 100 over the last year. However, both stocks declined nearly 20% since Micron announced its earnings in mid-March in spite ofThis article was written byShubhm Mitessh Thakkar437 FollowersFollowI am Shubhm Thakkar, an MBA student at the Indian Institute of Management—Indore. I cleared the CFA Level 1 examination that was held in May 2023 and the CFA Level 2 conducted in November 2024. I am also a candidate for the CFA Level 3 examination to be held in February 2026. IIM Indore consistently ranks in the Financial Times Top 100 Schools for MBA/ MiM.I have experience publishing on Seeking Alpha as part of my internship at Que Capital, which was a subsidiary of AlmaStreet Capital LLC—an entity that previously published on this platform. At AlmaStreet, I followed a GARP Approach - Growth At a Reasonable Price. I intend to use the GARP approach and a Value Investing approach to write my reports on Stocks and ETFs, varying depending on the industry that the stock is a part of and the stage of the business cycle.Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU, SNDK either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.