Investment Thesis: 50% leap versus the prior three months in quarterly sales of its high-bandwidth memory chips, which are key components in AI data centers that help power the nascent technology.
The company added that it will continue to spend on improving its chips, a decision that comes as cloud companies like Google-owner Alphabet (NASDAQ:GOOGL) and others are pursuing heavy investments in their AI capabilities.
Trade Plan:
- Expected Timeframe – 1-6 months
- Entry:119-123
- Stop-loss/trimzone:110-115
- Target:$145-150
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