After days of relentless gains, memory stocks pulled back together in a single session: Micron down about 6%, SanDisk off around 5.5%, with Western Digital and the memory ETF softening too. Zoom out though, Micron is still up roughly 273% this year and SanDisk over 620%, and Micron still holds above USD 1,000. This looks more like profit taking ahead of the Fed than a broken thesis, with HBM demand still tight. So is the supercycle just catching its breath, or has it peaked?

After days of relentless gains, memory stocks pulled back together in a single session: Micron down about 6%, SanDisk off around 5.5%, with Western Digital and the memory ETF softening too. Zoom out though, Micron is still up roughly 273% this year and SanDisk over 620%, and Micron still holds above USD 1,000. This looks more like profit taking ahead of the Fed than a broken thesis, with HBM demand still tight. So is the supercycle just catching its breath, or has it peaked?

Memory's One Red Day: Pause Or Peak?

$Everspin Tech(MRAM.US) just went heavily long on MRAM. This year's memory stocks like MU, SNDK, WDC, STX have all gone crazy. MRAM is also in the memory business, just on a different track!