Chase Gold or Storage Stocks: Which Offers Better Value?
Right now, the hottest trades in the market are clearly gold and the storage sector. But the biggest problem is: we can’t catch up — prices have moved way too fast!
Just five months ago, $SanDisk Corp.(SNDK)$ was widely seen as a legacy flash maker held back by aging products. Today, after a nearly 1,000% rally, it has become one of the best-performing S&P 500 stocks and a core AI trade.
But it’s not just retail investors who missed it, even smart money got it wrong.
The key behind-the-scenes force pushing SanDisk’s spin-off was the famous activist hedge fund Elliott Management — yet it missed most of the upside. SanDisk was spun off from Western Digital last February, largely due to Elliott’s long-term pressure.
Elliott believed the combined Western Digital + SanDisk structure created undervaluation, and that a split would unlock value. At the time, Elliott’s highest valuation expectation for SanDisk was around $20 billion, but today SanDisk’s market cap is roughly $65 billion.
Regulatory filings show Elliott held 750,000 shares of SanDisk after the spin, with a cost basis of $49.71. However, the fund fully exited before the end of September. While Elliott may have captured a rebound in September, if it had held until today, the position value would have surged from about $84 million to roughly $340 million.
Even the sharpest players on Wall Street failed to foresee this AI-driven explosion in memory-chip pricing.
Gold Extends Record Rally — Traders Start Betting on $6,000
At the same time, the global commodities market has reached a historic milestone: both $XAU/USD(XAUUSD.FOREX)$ and $Gold - main 2602(GCmain)$ have broken above the key level of $5,000 per ounce, hitting the highest prices in financial history.
After this long-standing “price ceiling” was shattered, the options market didn’t see massive profit-taking.
Instead, even more aggressive buying rushed in. Traders are piling into long-dated call options with strike prices between $5,500 and $6,000, signaling a strong market consensus that gold’s bull run may be entering its “second half.”
Micron: $24 Billion More Investment in Singapore Over 10 Years! A New NAND Fab Is Coming
$Micron Technology(MU)$announced it will invest an additional $24 billion in Singapore over the next decade, launching the construction of a brand-new NAND flash wafer fabrication plant.
This new facility will become Singapore’s first “two-story fab,” featuring roughly 700,000 square feet of cleanroom space. It is expected to begin production in H2 2028, and create around 1,600 jobs.
As AI infrastructure accelerates, demand for memory — NAND / DRAM / HBM — continues to rise. Across the industry, supply is becoming increasingly tight, even showing signs of shortage. As a key Micron base, Singapore is positioned to be a major expansion hub for the company.
Your Turn 💬
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What’s your take on Micron building new fabs in Singapore?
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Would you invest in the “all-rounder” Micron, or the fast-rising new star SanDisk?
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If you had to choose one: chasing memory stocks or chasing gold — which offers better value now?
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Or are you choosing to chase neither?
Leave your comments to win tiger coins~
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美光在DRAM和NAND闪存领域拥有更广泛的产品组合，包括用于人工智能服务器的高带宽内存(HBM)，这使其具有潜在的更加多元化的地位。闪迪几乎只专注于闪存产品。
可能会选择美光，如果有额外的[USD][USD][USD]也会投资8n SanDisk[Grin][Grin][Grin]
如果我有钱，我会买黄金[Sly][Sly][Sly]
On the other side I have storage and Semiconductor stocks: $Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ and $NVIDIA(NVDA)$.
This side has explosive power and is riding the AI super cycle. It is benefiting from DRAM and NAND price recovery and data center demand. It is leveraged to the future of compute, memory and intelligence.
This side says that I am surfing the wave of innovation and technology advances.
Together both sides form a beautiful balance.
Gold protects my present & calms my heart. Storage & Semiconductor stocks build my future & ignites my future.
@Tiger_SG @Tiger_comments @TigerStars @TigerClub @CaptainTiger
Between Micron and SanDisk $SanDisk Corp.(SNDK)$ , I see stability versus momentum. SanDisk’s AI-driven re-rating has been explosive, but after a near-1,000% rally, expectations are stretched. Micron feels more balanced and diversified, making it a name I’d rather accumulate on pullbacks than chase momentum.
As for memory stocks versus gold, I’m staying selective. Gold $XAU/USD(XAUUSD.FOREX)$ is firmly in a new macro regime, but upside from here depends on liquidity and geopolitics. If forced to choose, I’d lean toward memory for long-term growth — with patience.
@Tiger_comments @TigerClub @TigerStars @Tiger_SG
Although the Micron Technology (MU) fab expansion in Singapore signals long-term bullishness for NAND demand, investors remain cautious about short-term capex intensity and cycle timing
MU is viewed as a diversified all-rounder core holding for AI infrastructure, whereas SanDisk Corp (SNDK) is a high-momentum stock favored for storage but sensitive to valuation and cycle shifts
Memory stocks offer high upside tied to AI and data-center growth despite cyclical risks, while gold provides lower growth but serves as a strong defensive hedge against macro uncertainty
Growth-oriented investors prefer memory stocks, while conservative ones lean toward gold; many strategists recommend owning both rather than chasing a single crowded trade。。。
While Gold is more related to people's emotions and political factors, which can't be lasting
2.美光是存储器制造市场的强者
3.追金内存市场供过于求的风险较小
四、黄金和内存都是优质投资
這個新工廠將成爲新加坡第一個“兩層晶圓廠”，擁有約700,000平方英尺的潔淨室空間。預計將於2028年下半年開始生產，並創造約1,600個就業崗位。
隨着AI基礎設施的加速，對內存的需求-NAND/DRAM/HBM——繼續上升。縱觀整個行業，供應日趨緊張，甚至出現短缺跡象。作爲美光的重要基地，新加坡被定位爲該公司的主要擴張中心。
埃利奥特认为，西部数据+闪迪的合并结构造成了估值被低估，而分拆将释放价值。当时，Elliott对闪迪的最高估值预期约为200亿美元，但今天SanDisk的市值大致为650亿美元.