Andy9122
01-17

Micron $400 soon . πŸ’ͺ🏻πŸ’ͺ🏻πŸ’ͺ🏻

SNDK -12%, MU -9%: Storage Trade Ending?
The tech selloff that began in software is now spilling into AI hardware, with storage stocks facing a sharp crowded-trade unwind. As risk appetite faded, high-beta leaders saw heavy profit-taking: SanDisk fell 12%, Western Digital nearly 11%, Micron Technology over 9%, and Seagate Technology about 7%. With six-month gains exceeding 1,100% for SanDisk and bullish targets piling up, expectations were stretched. This looks less like a fundamentals breakβ€”and more like a valuation reset after extreme optimism. Is this a healthy shakeoutβ€”or the start of a deeper de-rating for AI storage stocks?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment