SanDisk and Micron Are Now the Cheapest Stocks in All of Tech — Here’s Why
SanDisk and Micron trade near 6 times forward earnings despite 444% and 216% rallies. Is memory cheap, or are profits near a cyclical peak?
Memory chip makers SanDisk and Micron have gone up a lot, but their stock prices are now lower compared to what people expect them to earn—which might mean the market thinks their profits could slow down soon. When a stock looks cheap, it's worth asking whether that's a real bargain or a sign that something might change.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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