Micron, Sandisk, and SK Hynix: History Says This About the Memory Trio’s Rally
Memory stocks have been on a tremendous run over the past year, buoyed by surging prices, ballooning gross margins, and huge free cash flow. This has helped the stocks of Micron Technology (MU -0.78%), Sandisk (SNDK -0.28%), and SK Hynix (SKHY +0.20%) (before its U.S. IPO) go parabolic this year. Micron is up more than…