I lean slightly toward memory in the near term because pricing power is stronger. When
$SanDisk Corp.(SNDK)$ is guiding ~80% gross margins and
$Micron Technology(MU)$ calls memory a “strategic asset,” it signals real scarcity. Supply takes years to add, and with customers already booking out capacity, the upside feels more immediate.
That said, the CPU story is very real. $Advanced Micro Devices(AMD)$ is benefiting from the shift to inference and agentic AI, where CPUs regain importance. Even Intel seeing demand recovery confirms this isn’t a one-player trade.
So to me, memory is a tight supply trade, while CPUs are a demand growth trade. Short term I favor memory, but longer term AMD likely compounds better as inference scales. Positioning-wise, I’d rather hold both but tilt slightly toward memory for now.
@TigerClub @TigerStars @Tiger_comments
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