Chase Gold or Storage Stocks: Which Offers Better Value?
Right now, the hottest trades in the market are clearly gold and the storage sector. But the biggest problem is: we can’t catch up — prices have moved way too fast!
Just five months ago, $SanDisk Corp.(SNDK)$ was widely seen as a legacy flash maker held back by aging products. Today, after a nearly 1,000% rally, it has become one of the best-performing S&P 500 stocks and a core AI trade.
But it’s not just retail investors who missed it, even smart money got it wrong.
The key behind-the-scenes force pushing SanDisk’s spin-off was the famous activist hedge fund Elliott Management — yet it missed most of the upside. SanDisk was spun off from Western Digital last February, largely due to Elliott’s long-term pressure.
Elliott believed the combined Western Digital + SanDisk structure created undervaluation, and that a split would unlock value. At the time, Elliott’s highest valuation expectation for SanDisk was around $20 billion, but today SanDisk’s market cap is roughly $65 billion.
Regulatory filings show Elliott held 750,000 shares of SanDisk after the spin, with a cost basis of $49.71. However, the fund fully exited before the end of September. While Elliott may have captured a rebound in September, if it had held until today, the position value would have surged from about $84 million to roughly $340 million.
Even the sharpest players on Wall Street failed to foresee this AI-driven explosion in memory-chip pricing.
Gold Extends Record Rally — Traders Start Betting on $6,000
At the same time, the global commodities market has reached a historic milestone: both $XAU/USD(XAUUSD.FOREX)$ and $Gold - main 2602(GCmain)$ have broken above the key level of $5,000 per ounce, hitting the highest prices in financial history.
After this long-standing “price ceiling” was shattered, the options market didn’t see massive profit-taking.
Instead, even more aggressive buying rushed in. Traders are piling into long-dated call options with strike prices between $5,500 and $6,000, signaling a strong market consensus that gold’s bull run may be entering its “second half.”
Micron: $24 Billion More Investment in Singapore Over 10 Years! A New NAND Fab Is Coming
$Micron Technology(MU)$announced it will invest an additional $24 billion in Singapore over the next decade, launching the construction of a brand-new NAND flash wafer fabrication plant.
This new facility will become Singapore’s first “two-story fab,” featuring roughly 700,000 square feet of cleanroom space. It is expected to begin production in H2 2028, and create around 1,600 jobs.
As AI infrastructure accelerates, demand for memory — NAND / DRAM / HBM — continues to rise. Across the industry, supply is becoming increasingly tight, even showing signs of shortage. As a key Micron base, Singapore is positioned to be a major expansion hub for the company.
Your Turn 💬
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What’s your take on Micron building new fabs in Singapore?
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Would you invest in the “all-rounder” Micron, or the fast-rising new star SanDisk?
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If you had to choose one: chasing memory stocks or chasing gold — which offers better value now?
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Or are you choosing to chase neither?
Leave your comments to win tiger coins~
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On the other side I have storage and Semiconductor stocks: $Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ and $NVIDIA(NVDA)$.
This side has explosive power and is riding the AI super cycle. It is benefiting from DRAM and NAND price recovery and data center demand. It is leveraged to the future of compute, memory and intelligence.
This side says that I am surfing the wave of innovation and technology advances.
Together both sides form a beautiful balance.
Gold protects my present & calms my heart. Storage & Semiconductor stocks build my future & ignites my future.
@Tiger_SG @Tiger_comments @TigerStars @TigerClub @CaptainTiger
Micron holds a broader portfolio in both DRAM and NAND flash memory, including high-bandwidth memory (HBM) for AI servers, giving it a potentially more diversified position. SanDisk focuses almost exclusively on flash memory products.
would probably go for Micron and if got extra [USD] [USD] [USD] would invest 8n SanDisk too [Grin] [Grin] [Grin]
would buy gold if am loaded [Sly] [Sly] [Sly]
Between Micron and SanDisk $SanDisk Corp.(SNDK)$ , I see stability versus momentum. SanDisk’s AI-driven re-rating has been explosive, but after a near-1,000% rally, expectations are stretched. Micron feels more balanced and diversified, making it a name I’d rather accumulate on pullbacks than chase momentum.
As for memory stocks versus gold, I’m staying selective. Gold $XAU/USD(XAUUSD.FOREX)$ is firmly in a new macro regime, but upside from here depends on liquidity and geopolitics. If forced to choose, I’d lean toward memory for long-term growth — with patience.
@Tiger_comments @TigerClub @TigerStars @Tiger_SG
While Gold is more related to people's emotions and political factors, which can't be lasting
2. Micron is a stronger player in the memory manufacturing market
3. Chasing gold is less at risk of oversupply in the memory market
4. Both gold and memory are quality investments
這個新工廠將成爲新加坡第一個“兩層晶圓廠”，擁有約700,000平方英尺的潔淨室空間。預計將於2028年下半年開始生產，並創造約1,600個就業崗位。
隨着AI基礎設施的加速，對內存的需求-NAND/DRAM/HBM——繼續上升。縱觀整個行業，供應日趨緊張，甚至出現短缺跡象。作爲美光的重要基地，新加坡被定位爲該公司的主要擴張中心。
埃利奧特認爲，西部數據+閃迪的合併結構造成了估值被低估，而分拆將釋放價值。當時，Elliott對閃迪的最高估值預期約爲200億美元，但今天SanDisk的市值大致爲650億美元.