AI Stocks Micron and Sandisk Are Up 460% and 1,190% in the Past Year. History Says This Will Happen Next.
Micron and Sandisk shares could decline sharply as the memory chip supply shortage is resolved.
Overview
Micron Technology (NASDAQ:MU) and Sandisk (NASDAQ:SNDK) have emerged as major winners of the artificial intelligence infrastructure build-out, and both stocks have delivered exceptional returns for shareholders. In the past year, Micron is up 460% and Sandisk is up 1,190%.
Despite those gains, most Wall Street analysts believe the stocks are undervalued.
Details
History offers a more sobering perspective. The memory chip industry has long been prone to boom-and-bust cycles. Memory stocks tend to fall sharply during downturns, and the next one may be right around the corner.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.