The rally in memory stocks appears poised to be short-circuited. Companies like Micron and Samsung, which produce the high-speed memory that data centers crave, have collapsed in recent weeks.
Many of the industry’s previous big winners are now down 20% or more over the last month, driven by a range of factors, including valuation concerns, worries about capex reductions among AI hyperscalers, and good old-fashioned profit-taking.
Today, we’ll look at five memory stocks that have had their narrative flipped over the last month. Each stock has had its bull run snapped in the last few weeks, yet still remains overvalued with a Benzinga Edge Value score at 10 or lower.
Seagate Technology Holdings PLC
Benzinga Edge Value Score: 8.30
