Memory prices are still cheap, and they're likely to get more expensive. $Dell Technologies Inc.(DELL)$ probably pulled in higher-than-expected deals as customers front-loaded purchases. $Dell Technologies Inc.(DELL)$ may also give honest guidance about declining gross and net margins.
The good earnings from $Dell Technologies Inc.(DELL)$ might already be priced in. I'd rather be long the RAM.X ETF than DELL.
At some point, $Micron Technology(MU)$ and $SK hynix(SKHY)$ will make things very difficult for people shorting memory stocks.
There are only two stocks in the SP500 I'd want to own: $Cerebras Systems(CBRS)$ or MU.
$Micron Technology(MU)$ has the most near-term upside, so I'd hold only that until $Micron Technology(MU)$ reaches $3000 later this year, then slowly move half into CBRS.
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