QUICK SPARK: Micron, SanDisk Now Among Cheapest Nasdaq 100 Stocks
Micron trades at 6.2x forward earnings and SanDisk at 8.1x after brutal July selloffs. Is the memory trade cheap or pricing a peak?
Memory chip makers Micron and SanDisk got cheaper after a rough July, so their price tags (called earnings multiples) dropped compared to other big tech stocks. When prices fall fast, watch whether it means the company got weaker or if the stock just became a better value.
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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