tech
Memory chip companies expected to report big leaps in sales as earnings arrive
Another quarter showing huge sales of memory chips could reassure investors nervous about the durability of the AI boom.
TL;DR
- Sandisk and Micron Technology are expected to lead sales this earnings season due to the AI-driven price boom for memory chips.
- Strong sales and guidance from these companies could reassure investors about the AI boom's durability.
- Other companies expected to see significant growth due to AI include Lumentum, Nvidia, Broadcom, Super Micro, and Teradyne.
- Acquisitions are driving expected sales doubles for Waters Corp. and significant jumps for Bunge Global.
- Palantir is expected to generate strong growth, despite a significant drop in its stock price this year.
- The market's reaction to potentially huge sales numbers remains uncertain, referencing Samsung's recent results leading to a selloff.