The analyst suggests it is not too late to join the memory trade by buying stocks like SNDK, MU, SK hynix, and Kioxia, highlighting strong recent performance and growth in hyperscaler capex driven by AI demands.
Hyperscaler capex is forecasted to grow year-over-year; AI training and inference require fast storage alongside GPUs; hyperscalers are making committed purchases rather than spot buying; SNDK is up 87% in less than two months, outperforming the S&P 500 5-year returns.
Pretty funny seeing Michael Burry charge $450 in annual sub fees for shitco stock picks like $LULU and $ADBE. When $SNDK is up 87% in less than two months. Which is 15% more than the 5-year returns of the S&P 500. And if you're wondering: it's still not late to join the memory trade on names like $SNDK, $MU, SK hynix, and Kioxia.
| Horizon | Raw move | vs SPY |
|---|---|---|
| 1 day | -6.7% | -6.0% |
| 1 week | -19.6% | -21.0% |
| 1 month | -25.8% | -26.5% |
| 3 months | — | — |
| 6 months | — | — |