The Kobeissi Letter — memory is now the tape: NVDA, MU and SNDK are three of the four most-traded US stocks

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The Kobeissi Letter — memory is now the tape: NVDA, MU and SNDK are three of the four most-traded US stocks

One datapoint that shows how far the memory trade has come: Micron alone now turns over nearly as much notional as Nvidia, and SanDisk out-trades almost everything else on the tape. Crowding is the flip side — the lane's #1 risk has always been that everyone gets in.

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One datapoint that shows how far the memory trade has come: Micron alone now turns over nearly as much notional as Nvidia, and SanDisk out-trades almost everything else on the tape. Crowding is the flip side — the lane's #1 risk has always been that everyone gets in.

3 events
DateTypeEvent
Jul 24 Market SignalDisclosed Money: Congress's Most Active Traders Spent May and June Buying the AI Supply Chain Jul 17 ArticleThe K3 Scare Is Not the R1 Scare Jul 13 TweetJukan — NVIDIA's NDR: memory shortage expected to persist for several years

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