This AI Storage Stock is Up 560% so Far This Year. Is it Too Late to Buy? (Hint: It's Not Sandisk)
Kioxia still looks like a promising play on the booming AI market.
This AI Storage Stock is Up 560% so Far This Year. Is it Too Late to Buy? (Hint: It's Not Sandisk)
Overview
Many memory chip stocks skyrocketed over the past year as the AI market's demand for more memory chips for data centers outstripped the global supply. One of those top stocks was Sandisk (NASDAQ: SNDK), which has rallied nearly 580% year to date.
Another winner was Kioxia (OTC: KXIAY), which has rallied about 560% this year but is often overlooked because it trades over the counter. Let's take a closer look at this memory chipmaker and whether its stock will keep rising in the second half of the year.
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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.
