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HBM shortages drive up chip prices: Is the memory supercycle continuing?
Lucas美股机会
joined discussion · Aug 11 21:40

As memory stocks rebound, focus on core names: Micron, SanDisk, and SK Hynix

$Micron Technology (MU.US)$ 1. Let's first take a look at Micron: If you already established a position in US dollars on Friday or yesterday, and your position size isn't too large, I believe you can continue holding patiently. Market rotation inherently takes time, and once memory stocks broadly rally, Micron will remain one of the most stable core names in the memory space. The first upside target remains at $980–$1,050. $SanDisk (SNDK.US)$ 2. The key difference between Western Digital and Micron is still elasticity. $1,000 remains, in my view, a very important short-term support level. If you only want to play one high-beta name in the memory sector, you can directly use $1,000 as a strict risk control point for Western Digital. The upside target can reasonably be set at $1,600–$1,700. Even though the stock may experience significant volatility, the overall risk remains manageable due to the small position size. $SK hynix (SKHY.US)$ 3. SK Hynix: If you already entered around $137, just continue holding patiently. If you're concerned about another pullback in memory stocks this week and hope to get in at a lower price, you could wait for the $125–$128 range—I believe that would represent the best low-risk entry opportunity for SK Hynix. Finally, let’s talk about CPUs. AMD and Intel haven’t shown any particularly strong upward moves recently, so some investors who got in early might be feeling a bit impatient. $Intel (INTC.US)$ Especially Intel, which yesterday announced another issuance of common shares...
$Micron Technology (MU.US)$ 1. Let's first take a look at Micron: If you already established a position in US dollars on Friday or yesterday, and your position size isn't too large, I believe you can continue holding patiently. Market rotation inherently takes time, and once memory stocks broadly rally, Micron will remain one of the most stable core names in the memory space. The first upside target remains at $980–$1,050.
$Micron Technology (MU.US)$ 1. Let's first take a look at Micron: If you already established a position in US dollars on Friday or yesterday, and your position size isn't too large, I believe you can continue holding patiently. Market rotation inherently takes time, and once memory stocks broadly rally, Micron will remain one of the most stable core names in the memory space. The first upside target remains at $980–$1,050. $SanDisk (SNDK.US)$ 2. The key difference between Western Digital and Micron is still elasticity. $1,000 remains, in my view, a very important short-term support level. If you only want to play one high-beta name in the memory sector, you can directly use $1,000 as a strict risk control point for Western Digital. The upside target can reasonably be set at $1,600–$1,700. Even though the stock may experience significant volatility, the overall risk remains manageable due to the small position size. $SK hynix (SKHY.US)$ 3. SK Hynix: If you already entered around $137, just continue holding patiently. If you're concerned about another pullback in memory stocks this week and hope to get in at a lower price, you could wait for the $125–$128 range—I believe that would represent the best low-risk entry opportunity for SK Hynix. Finally, let’s talk about CPUs. AMD and Intel haven’t shown any particularly strong upward moves recently, so some investors who got in early might be feeling a bit impatient. $Intel (INTC.US)$ Especially Intel, which yesterday announced another issuance of common shares...

$SanDisk (SNDK.US)$ 2. The key difference between Western Digital and Micron is still elasticity. $1,000 remains, in my view, a very important short-term support level. If you only want to play one high-beta name in the memory sector, you can directly use $1,000 as a strict risk control point for Western Digital. The upside target can reasonably be set at $1,600–$1,700. Even though the stock may experience significant volatility, the overall risk remains manageable due to the small position size.
$Micron Technology (MU.US)$ 1. Let's first take a look at Micron: If you already established a position in US dollars on Friday or yesterday, and your position size isn't too large, I believe you can continue holding patiently. Market rotation inherently takes time, and once memory stocks broadly rally, Micron will remain one of the most stable core names in the memory space. The first upside target remains at $980–$1,050. $SanDisk (SNDK.US)$ 2. The key difference between Western Digital and Micron is still elasticity. $1,000 remains, in my view, a very important short-term support level. If you only want to play one high-beta name in the memory sector, you can directly use $1,000 as a strict risk control point for Western Digital. The upside target can reasonably be set at $1,600–$1,700. Even though the stock may experience significant volatility, the overall risk remains manageable due to the small position size. $SK hynix (SKHY.US)$ 3. SK Hynix: If you already entered around $137, just continue holding patiently. If you're concerned about another pullback in memory stocks this week and hope to get in at a lower price, you could wait for the $125–$128 range—I believe that would represent the best low-risk entry opportunity for SK Hynix. Finally, let’s talk about CPUs. AMD and Intel haven’t shown any particularly strong upward moves recently, so some investors who got in early might be feeling a bit impatient. $Intel (INTC.US)$ Especially Intel, which yesterday announced another issuance of common shares...

$SK hynix (SKHY.US)$ 3. SK Hynix: If you already entered around $137, just continue holding patiently. If you're concerned about another pullback in memory stocks this week and hope to get in at a lower price, you could wait for the $125–$128 range—I believe that would represent the best low-risk entry opportunity for SK Hynix.

Finally, let’s talk about CPUs.
AMD and Intel haven’t shown any particularly strong upward moves recently, so some investors who got in early might be feeling a bit impatient.
$Micron Technology (MU.US)$ 1. Let's first take a look at Micron: If you already established a position in US dollars on Friday or yesterday, and your position size isn't too large, I believe you can continue holding patiently. Market rotation inherently takes time, and once memory stocks broadly rally, Micron will remain one of the most stable core names in the memory space. The first upside target remains at $980–$1,050. $SanDisk (SNDK.US)$ 2. The key difference between Western Digital and Micron is still elasticity. $1,000 remains, in my view, a very important short-term support level. If you only want to play one high-beta name in the memory sector, you can directly use $1,000 as a strict risk control point for Western Digital. The upside target can reasonably be set at $1,600–$1,700. Even though the stock may experience significant volatility, the overall risk remains manageable due to the small position size. $SK hynix (SKHY.US)$ 3. SK Hynix: If you already entered around $137, just continue holding patiently. If you're concerned about another pullback in memory stocks this week and hope to get in at a lower price, you could wait for the $125–$128 range—I believe that would represent the best low-risk entry opportunity for SK Hynix. Finally, let’s talk about CPUs. AMD and Intel haven’t shown any particularly strong upward moves recently, so some investors who got in early might be feeling a bit impatient. $Intel (INTC.US)$ Especially Intel, which yesterday announced another issuance of common shares...

$Intel (INTC.US)$ This is especially true for Intel, which yesterday announced another offering of common shares. However, based on the current price structure, Intel hasn’t exhibited any destructive technical patterns—it’s simply stalled temporarily rather than entering a downtrend, and these are two entirely different scenarios. If you’ve already established a position near $95, I don’t think it’s necessary to recklessly switch positions just to chase short-term momentum. With the upcoming rollout of the Rubin architecture driving increased CPU demand, and given that Intel’s latest earnings report included reasonably solid forward guidance, the area around $95 remains a solid opportunity for phased accumulation. The upside target range can be seen at $115–$125.

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Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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