This Under-the-Radar Memory Stock Surged 46% in 3 Weeks (Hint: It's Not Micron or Sandisk)
Big news and a strong earnings report sent shares of Everpure soaring.
Overview
AI memory and storage companies have been generating massive revenue and earnings growth recently, and their stocks have been posting huge returns as a result.
The big names like Micron, Sandisk, Western Digital, and Seagate have had returns well into the triple-digit percentages this year. Sandisk, for example, is up 614% year to date. That's a better return than a lot of great stocks get over 10 years, let alone nine months.
Details
While these chip stocks and hard-drive makers have attracted a lot of attention, and for good reason, some memory stocks have largely been flying under the radar. One of them is Everpure (NYSE: P) -- which was relatively quiet until about a month ago when it was announced that it would be added to the S&P 500. Since then, it has taken off.
Source
Originally published at www.fool.com.