Memory has shifted from a stock that goes up every day to one that probably does fine over 12 months, a longer horizon that needs a new shareholder base. Demand may exceed supply for a long time, prices may hold and buyers may grow less cyclical as hyperscalers replace consumers, adding price, volume and a possible re-rate. But cyclical industries promising discipline have blown up every time, and chop is likely before capital returns, so semicap, with ASML cheap versus peers, is preferred. … Show more

SK hynix sits at the center of every major tech trend from robotics to AI, yet trades at a significant discount even on conservative estimates, offering very favorable risk/reward. Memory remains cyclical, but the floor has moved significantly higher. Even on the 15x terminal multiple @Kennyz8e prefers, fair value would be roughly $210, a 15% annualized return. x.com  x.com 

Backblaze's Q2 results show accelerating profitability on solid growth. Revenue rose 18% to $42.7M, above the high end of guidance, the net loss narrowed to $5.1M from $7.1M, and adjusted EBITDA nearly doubled to $12.8M, a 30% margin versus 18% a year earlier. x.com 

Amazon's capex is its moat in the memory price bubble. Higher demand for Micron ultimately means higher demand for AWS and Amazon's own GPUs and CPUs. Neoclouds such as CoreWeave, IREN and Nebius lack vertical integration with a chip business and Amazon's high free cash flow, and many may not survive. Concern that megacaps cannot afford AI is short-termism: build-out costs are front-loaded, and cash flow should be exceptional in a couple of years as maintenance capex is much lower. x.com  x.com  … Show more

SanDisk's gross-margin plateau signals long-term discipline, not the cycle peak bears fear. Not squeezing customers, plus balanced capex under its NBM long-term agreement model, avoids overinvesting at the top. Investors should watch volume, not price: while big tech keeps spending and compute stays scarce, memory shortages cannot ease alone, so rising volume and the LTA price floor should grow the profit pool enormously. With buybacks, memory should rerate as essential AI infrastructure. x.com 

Backblaze and JMKE are making new highs that look unbuyable, which often marks the best stocks early in a new rally. Holders sitting on profits are content not to sell, many would-be chasers are scared off because the stock already looks too high, and the move puts it on more radars until the fear fades, greed sets in and chasing picks up. x.com  x.com 

The Magnificent Seven and memory makers rising together is the market's green light for the AI trade, because one firm's capex is another firm's revenue: the Magnificent Seven write the checks and the memory makers cash them. For a month, being right on one meant being wrong on the other, and that trend is ending. x.com