This Under-the-Radar Memory Stock Surged 46% in 3 Weeks (Hint: It’s Not Micron or Sandisk)
AI memory and storage companies have been generating massive revenue and earnings growth recently, and their stocks have been posting huge returns as a result.
The big names like Micron, Sandisk, Western Digital, and Seagate have had returns well into the triple-digit percentages this year. Sandisk, for example, is up 614% year to date. That’s a better return than a lot of great stocks get over 10 years, let alone nine months.
While these chip stocks and hard-drive makers have attracted a lot of attention, and for good reason, some memory stocks have largely been flying under the radar. One of them is Everpure (NYSE: P) — which was relatively quiet until about a month ago when it was announced that it would be added to the S&P 500. Since then, it has taken off.
Source: www.fool.com — article syndicated from the publisher’s feed; all rights remain with the original publisher.