Mizuho Analyst Backs Memory Stocks on AI

Jordan Klein of Mizuho says AI‑driven CPU demand will sharply boost DRAM and memory stock performance.
Supply tightening persists with no new memory capacity expected until the second half of 2027, likely raising prices.
Micron (MU) trades at 3‑4× buyside EPS and SanDisk (SNDK) may guide $25‑30 quarterly EPS with >80% gross margin.
Intel’s conference call highlighted CPU‑to‑GPU attach rates rising from 1:8 to potentially 1:2 or 1:1 in agentic AI.