Morgan Stanley likes Sandisk and Micron; memory stocks already price in cycle-end
toptickcrypto · x · 2026-11-10
Morgan Stanley highlights Sandisk ($835/share) and Micron as favored memory names: with buybacks around 50% of revenue, Sandisk could repurchase over 50% of the company by end of 2028, with valuation mostly anchored to the current cycle. The poster adds the same math implies >100% upside vs. Kioxia's market cap, noting memory stocks have already discounted end-of-cycle and >50% earnings declines, plus a consumer bid for bits that other AI trade segments lack.
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