Memory is the hottest part of the market. Can the rally continue?
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Memory and storage companies are experiencing a surge in demand, driven by data centers and AI, with firms like Micron, Sandisk, and Seagate seeing significant valuation increases. Analyst Matt Bryson from Wedbush Securities predicts continued growth despite rising valuations, citing a supply shortfall in hard-disk drives and memory. He raised price targets for Sandisk, Seagate, and Western Digital, with Sandisk's shares up nearly 1,300% over the past year. The NAND market is expected to see further price increases, benefiting companies like SK hynix and Samsung. Upcoming earnings reports for Seagate, Western Digital, and Sandisk are scheduled for late January.
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