Several analyst notes this week point to renewed strength in memory chips. One argues DRAM could be at the start of a second rally, another calls Sandisk a buying opportunity, and a third predicts Micron stock will rise after its September 30 earnings report, which is being framed as a catalyst.
A separate note on networking chipmaker Credo describes its recent selloff as a buying opportunity, arguing that durable capital expenditure on AI infrastructure will outlast any near-term cooling in AI-trade enthusiasm. Taken together, the notes suggest some analysts see AI-linked hardware demand as structurally intact even as speculative froth around some AI stocks fades.
The open question is timing. Micron's case depends heavily on its September 30 earnings report meeting elevated expectations, and none of these calls yet has hard shipment or pricing data to confirm a broad DRAM upcycle is underway rather than a rebound in a handful of names.