By Eric Bleeker
Publication Date: 2026-06-08 04:28:00
Quick Read
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Huang called AI stocks “very cheap” and framed the memory shortage as a multi-year condition, a direct bullish read for MU and SNDK.
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SanDisk’s datacenter revenue surged 645% year-over-year while Micron guided Q2 to roughly $19 billion at a 68% gross margin.
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Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn’t make the cut. Grab the names FREE today.
NVIDIA (NASDAQ:NVDA) CEO Jensen Huang, speaking from South Korea tonight after Friday’s brutal chip sell-off, told investors that “AI-related stocks are very cheap right now.” More importantly for memory bulls, he framed the AI supply crunch as a multi-year condition, an unmistakably positive read-through for Micron Technology (NASDAQ:MU) and SanDisk (NASDAQ:SNDK), which trades under SNDK following its separation from Western Digital.
More on What Huang Said Tonight
Huang said, “Demand is enormous. From wafers to silicon photonics and cable connectors, everything across the entire industry supply chain is in short supply.” NVIDIA also disclosed a multi-year partnership with SK Hynix to co-develop next-generation memory tailored to its roadmap, including the upcoming Vera Rubin systems. While that agreement is with a rival to companies like Micron and SanDisk, it locks demand visibility further out for the entire memory complex.
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