Prediction: This Artificial Intelligence (AI) Chip Stock Will Soar After Sept. 30 (Hint: It's Not Micron)
Micron reports fiscal fourth-quarter earnings on Sept. 30.
Overview
One of the most talked-about themes in artificial intelligence (AI) right now is the memory supercycle. It is the entire reason why Sandisk (NASDAQ: SNDK) and Micron Technology (NASDAQ: MU) trade like they are glued together.
One company is the NAND flash specialist that came out of a spinoff from Western Digital, while the other is the DRAM and high bandwidth memory (HBM) heavyweight.
Details
Together, Sandisk and Micron sit on opposite sides of the same coin: storage that holds data and memory that feeds GPUs. When one reports a blowout quarter, the other tends to follow. That is why Micron's earnings on Sept. 30 matter for Sandisk investors. A strong print would not just lift Micron stock; it would confirm that the memory trade still has room to run.
Source
Originally published at www.fool.com.
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