$Micron Technology(MU)$ $SanDisk Corp.(SNDK)$ $Invesco QQQ(QQQ)$ $Direxion Daily Semiconductors Bull 3x Shares(SOXL)$ I think this chart sums up the tale of QQQ as of late. A market top on 6/3/26. A retrace down 50% of the bull leg to 656.11 on 7/29/26 (3/31 to 6/3/26). A move back up to the upper dash trend line on 8/17/26, then the algos started dumping. QQQ retraced to 50% of its move again between 656 and 748 (6/3 and 7/29/26) early this morning. It seems like a bullish area to be in? SOXL bounced off its 200 day SMA this morning. Is it bullish? QQQ seems rather repres
Trades at a 5.6 FPE, while $Micron Technology(MU)$ sits at 5.79. By that metric, these are the two most undervalued names in the $Invesco QQQ(QQQ)$ , even though they carry the highest trailing EPS (TTM) and the highest EPS projections for next quarter. $Micron Technology(MU)$ and $SanDisk Corp.(SNDK)$ are also priced as the second and third least expensive stocks in the $SPDR S&P 500 ETF Trust(SPY)$ right now, yet both landed in the top 10 losers today on both exchanges. Meanwhile GM, F, and buyout candidates like FISV get to trade at higher valuation
$SanDisk Corp.(SNDK)$ High DRAM demand does tend to move alongside strong NAND flash demand in data centers, mainly because of the rapid buildout of AI infrastructure. Even though they handle different technical roles, they are structurally linked in modern data center architecture.
$SanDisk Corp.(SNDK)$ Kioxia's high-performance storage push around Nvidia ecosystems looks like a real positive for SanDisk. The two share a large, long-term joint venture making 3D flash memory in Japan, so Kioxia's moves to target Nvidia's AI servers should feed directly into high-margin NAND and enterprise SSD demand for SanDisk.
$SPDR S&P 500 ETF Trust(SPY)$ I think the Clarity Act could get passed within the next two weeks. As for the big five banks' liquidity pools, the crypto side of things looks exposed.
$SanDisk Corp.(SNDK)$ Burgers mentioned max pain is $1600, probably closing near that level tomorrow. But next week Nvidia is when things could get moving.