Branch² Intelligence
Memory Over Big Tech? Here's Why Jefferies Prefers Micron, Samsung To Meta, Alphabet Amid 'AI Fatigue'
Key takeaway
Jefferies recommends Micron and Samsung over Meta and Alphabet, citing AI fatigue and a shift from AI spenders to AI infrastructure enablers.
- Step 1Jefferies recommends Micron/Samsung over Meta/Alphabet, signaling AI fatigue and a shift to infrastructure enablers.
- Step 2Institutional capital rotates from big tech to memory/semiconductor stocks, boosting valuations and capex expectations for Micron and Samsung.
- Step 3Increased memory demand tightens global supply, raising prices for DRAM/NAND chips used in Indian electronics and IT hardware.
- Step 4Indian SMEs importing memory components face higher input costs, squeezing margins unless they pass through to customers.
Source: IN:NDTV Profit
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