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The supply crunch in the memory chip industry is becoming quite annoying. Whether you're a consumer looking to buy a new laptop or phone, or a business that wants to obtain cloud computing hardware, it has caused prices on these units to skyrocket. In fact, one of the artificial intelligence (AI) hyperscalers, Amazon (NASDAQ: AMZN), bumped its capital expenditures from $200 billion to $220 billion solely based on higher memory prices. That's not an insignificant increase, and there are only a handful of companies that actually benefit from soaring memory chip prices.
I don't think we're out of the woods yet in terms of memory chip availability, and Sandisk (NASDAQ: SNDK) and Micron (NASDAQ: MU) are primed to benefit as a result. Despite these two having a great start to the year, I still think they're incredible buys right now, as it will be some time before these stocks take a hit due to the cyclical nature of the business.
Missed Nvidia in 2009? This Rare Signal Is Flashing Again. In 2009, a "Double Down" signal flashed for a little-known chipmaker called Nvidia. For the first time in years, that same "Total Conviction" signal is flashing for a company 1/100th the size of Nvidia. Continue »
