Memory Supercycle: Tech Stocks Surge Amid AI Boom
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 3 days ago
0mins
Source: NASDAQ.COM
- Tech Stock Surge: Despite inflation and geopolitical concerns, the Nasdaq 100 Index ETF has surged 30% since late March, indicating strong performance in the current bull market and likely continued investor interest.
- Memory Demand Surge: The rapid advancement of AI technology has led to skyrocketing global demand for memory, with analysts predicting severe supply shortages for the next two years, granting Micron (MU) and SanDisk (SNDK) unprecedented pricing power and significantly boosting their earnings outlook.
- Market Leaders' Stellar Performance: Micron and SanDisk are termed 'true market leaders,' with Micron's stock rising 851% and SanDisk soaring 4,185% over the past year, showcasing their robust growth potential amid the AI boom.
- Investor Focus on Climactic Moves: As stock prices explode, market investors are turning their attention to potential climactic moves for Micron and SanDisk, with history suggesting that such stocks typically end with strong gains, potentially yielding massive profits in a short timeframe.
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Analyst Views on QCOM
Wall Street analysts forecast QCOM stock price to fall
16 Analyst Rating
10 Buy
5 Hold
1 Sell
Moderate Buy
Current: 243.290
Low
165.00
Averages
197.14
High
225.00
Current: 243.290
Low
165.00
Averages
197.14
High
225.00
About QCOM
Qualcomm Incorporated is engaged in the development and commercialization of foundational technologies for the wireless industry, including third generation (3G), fourth generation (4G) and fifth generation (5G) wireless connectivity, and high-performance and low-power computing, including on-device artificial intelligence. Its segments include Qualcomm CDMA Technologies (QCT), Qualcomm Technology Licensing (QTL) and Qualcomm Strategic Initiatives. QCT develops and supplies integrated circuits and system software based on 3G/4G/5G and other technologies, including radio frequency front-end, digital cockpit and advanced driver assistance and automated driving, Internet of things including consumer electronic devices, industrial devices and edge networking products. QTL grants licenses or otherwise provides rights to use portions of its intellectual property portfolio that includes certain patent rights essential to and/or useful in the manufacture and sale of certain wireless products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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