Micron (MU) and SanDisk (SNDK) have delivered the sort of gains investors typically wait years for.
Micron traded around $1,012 on August 18, while SanDisk changed hands near $1,787. Seeking Alpha data show both stocks up 254% and 653%, respectively, in 2026.
Interestingly, that rally has been so intense that even after hedge fund billionaire David Tepper slashed his position by 41%, the value of Appaloosa's remaining stake doubled from $562.5 million to $1.125 billion between March 31 and June 30.
The tremendous rise is becoming tougher to dismiss as just another temporary memory boom.
For perspective, TrendForce expects the DRAM market to surge to $618.7 billion this year, up 303%, as AI continues to absorb capacity.
#billion #seeking #tepper
Micron traded around $1,012 on August 18, while SanDisk changed hands near $1,787. Seeking Alpha data show both stocks up 254% and 653%, respectively, in 2026.
Interestingly, that rally has been so intense that even after hedge fund billionaire David Tepper slashed his position by 41%, the value of Appaloosa's remaining stake doubled from $562.5 million to $1.125 billion between March 31 and June 30.
The tremendous rise is becoming tougher to dismiss as just another temporary memory boom.
For perspective, TrendForce expects the DRAM market to surge to $618.7 billion this year, up 303%, as AI continues to absorb capacity.
#billion #seeking #tepper
15 days ago
