The analyst is buying more shares of memory-related stocks MU and SNDK, as well as other quality supply chain names like AMD, GLW, INTC, CRDO, TXN, and ALAB, emphasizing confidence in the AI trade despite negative reports.
The memory dip is seen as an obvious buying opportunity; dismisses negative reports about memory and rate hikes as fear mongering and incorrect.
Personally went shopping today. This memory dip is an obvious point to buy more with $MU and $SNDK. Thank you Korea. Then added to other quality names across the supply chain e.g. $AMD, $GLW, $INTC, $CRDO, $TXN and $ALAB. But let me emphasise this again: Nothing has changed with the AI trade. Ignore the fear mongering from reports in Korea and Japan claiming that memory is cooked. It's not. Ignore incorrect reports from BofA and Deutsche predicting 2-3 rate hikes this year on no new data. (NFA)
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | +0.7% | +0.8% |
| 1 week | +21.7% | +19.9% |
| 1 month | -17.6% | -18.3% |
| 3 months | — | — |
| 6 months | — | — |