xMistyx

Storage/memory chip stocks slid hard yesterday. SanDisk dropped $104.30 to $1,372, Lumentum fell $117.07, and Micron lost $36.76. Google’s “TurboQuant” efficiency breakthrough spooked investors, fueling fears AI needs less memory

Google’s TurboQuant is an AI optimization framework unveiled yesterday. It compresses large language model memory requirements up to 84x by quantizing weights and using dynamic caching. Markets read it as reducing future DRAM/NAND demand in AI data centers, triggering the selloff in Micron, SanDisk, and peers.

Storage/memory chip stocks slid hard yesterday. SanDisk dropped $104.30 to $1,372, Lumentum fell $117.07, and Micron lost $36.76. Google’s “TurboQuant” efficiency breakthrough spooked investors, fueling fears AI needs less memory

Google’s TurboQuant is an AI optimization framework unveiled yesterday. It compresses large language model memory requirements up to 84x by quantizing weights and using dynamic caching. Markets read it as reducing future DRAM/NAND demand in AI data centers, triggering the selloff in Micron, SanDisk, and peers.

$Netflix(NFLX.US)

Stock Price drop slightly, bought the dip.

strong fundamentals, no worries. Biggest streaming platform and top of mind, with lots of good content library.

looking for a 2nd half rally, selling Otm covered calls along the way.

$Micron Tech(MU.US)

The bullish case driving MU right now

• Price action: MU is at $640.20, +11.1% today. Already up ∼90% YTD 2026 and +574% over the past year. 52-week range $78.54 → $592.80, so it just broke out to new highs .

• AI memory supercycle: DRAM makes up 79% of revenue, NAND the rest. DRAM contract prices forecast +58% to 63% QoQ in Q2 2026. NAND flash contract prices +70% to 75% QoQ . AI data centers need high-bandwidth memory {HBM} and Micron is one of 3 major suppliers.

• Earnings exploding: Zacks consensus for FY2026 EPS is $58.37, up from $7.59 in FY2025 — 4x growth. Revenue forecast $76B for FY2026, +103% YoY. Net profit margin 41.5%.

• Analysts chasing: 39 analysts → 35 Buy/Strong Buy, 4 Hold, 0 Sell. Avg PT $478.24, but recent revisions much higher: Cantor $700, Barclays $675, TD Cowen $660, DA Davidson $1,000.

• Valuation still cheap vs growth: Forward P/E ∼12.3 to 12.5 vs Nasdaq-100 ∼26. D.A. Davidson: “AI is creating a strong, long-lasting demand cycle”.

Key catalysts ahead

1. HBM for AI: Micron’s HBM is critical for Nvidia/Broadcom GPUs. Broadcom guides AI revenue 5x higher next year.

2. Long-term supply deals: Memory makers now signing multi-year contracts with hyperscalers, reducing historical volatility.

3. Earnings leverage: Every 10% DRAM price increase flows heavily to bottom line due to high fixed costs. Next earnings June 24, 2026, est $19.19/share, +905% YoY.