Diving in immediately after a single day vertical leap is like sprinting to catch a departing train & you may trip right on the platform.
It is far better to wait for Micron's earnings for 3 reasons:
1. Validating the Margin: If Micron's new earnings show that pricing power is beginning to level out, SanDisk's recent surge may evaporate like mist.
2. Tracking real shipments vs hype: Confirmation is required to see whether actual shipments are expanding or if this rally is driven by temporary contract spikes.
3. The Supply Issue: Micron's competitors maybe ramping up supply & that may puncture premium valuation of Micron.
It is better to buy $Roundhill Memory ETF(DRAM)$ for diversification.
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