Observed Signal · Sep 8, 2026 · Market Analysis · Source: CNBC Investing · Impact: 1/5 · Sentiment: Positive
Financials Market: Memory Stocks Press Summer Highs, Charts Signal Upside
CNBC Pro contributor Todd Gordon analyzes the technical setup for memory stocks, which are pressing against their summer highs. He highlights the DRAM ETF trading above $62 and notes relative strength against semiconductors, suggesting memory could lead the sector. Sandisk (SNDK) is identified as a standout leader, with a breakout above ~$1,900 anticipated. Gordon points to a forward P/E of 8.3x and a stabilizing multiple, indicating potential for re-rating. Sell-side reports from Susquehanna and UBS support bullish fundamentals, with UBS raising its 2027 HBM price growth forecast to ~79% YoY and Micron's capacity reportedly sold out. The article concludes with Gordon's intention to initiate a SNDK position and mentions upcoming presentations at Citi and Goldman Sachs events.
The article is a technical analysis of memory stocks, relevant to the semiconductor sector but not directly tied to AdTech, MarTech, or advertising. It lacks direct industry relevance.
Key Takeaways & Evidence Grounding
- DRAM ETF is trading above $62, pressing the top of its summer range.
- Sandisk (SNDK) stock is in a range since mid-July, targeting a breakout above ~$1,900.
- SNDK's next twelve months EPS is $214.10, yielding a forward P/E of 8.3x.
- UBS lifted its 2027 blended HBM price growth forecast to ~79% YoY from 67%.
- Micron's leading-edge capacity is reportedly sold out through end of 2026.
Connected Companies & Entities
3 Entities mappedMicron
Global supplier of semiconductor memory and storage hardware.
“UBS lifted its 2027 blended HBM (high bandwidth memory) price growth forecast to roughly 79% year over year from 67%, with Micron’s leading-...”
UBS
Swiss banking group serving wealth, asset and institutional clients.
“UBS lifted its 2027 blended HBM (high bandwidth memory) price growth forecast to roughly 79% year over year from 67%....”
Sandisk
Public NAND flash storage hardware manufacturer and seller.
“Sandisk is the standout leader in the group. The stock has been caught in a range since mid-July working to breakout through around ~$1,900....”
Ontology Mapping & Concepts
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