Prediction: Micron and Sandisk Stocks Will Both Plummet After July 30
Apple reports earnings on July 30, and CEO Tim Cook could make an announcement that sends shares of Micron and Sandisk plunging.
Overview
The explosive growth of artificial intelligence (AI) has ignited a new supercycle in memory and storage chips. Training and running AI models demand enormous quantities of high-speed, low-latency memory to process massive data sets and parallel computations without bottlenecks.
Micron Technology (NASDAQ: MU) and Sandisk (NASDAQ: SNDK) have been prime beneficiaries of the AI memory boom thanks to their leadership in DRAM, NAND flash, and high-bandwidth memory (HMB). So far this year, Sandisk and Micron have surged 503% and 210%, respectively -- making them the top two performers in the Nasdaq-100.
Details
While it may be tempting to follow the momentum, I think a harsh sell-off could be in store later this month. Read on to find out why.
Source
Originally published at www.fool.com.