Mizuho Analyst Bullish on Memory Stocks

Mizuho analyst Jordan Klein bullish on DRAM and memory stocks amid AI-driven CPU demand and tightening supply until H2 2027.
He recommends Micron (MU), Samsung (005930), Hynix (000660) and SanDisk (SNDK) as cheaper versus AMD, Arm, Intel, with MU at 3‑4x EPS.
SNDK could guide $25‑30 quarterly EPS with >80% gross margin; Intel sees CPU‑GPU attach rate rising from 1:8 to up to 1:1.
AMD is best positioned with CPU, FPGA and GPU and less capacity constraints; Nvidia expected to sell ARM‑based CPUs for AI workloads.