Wall Street Breakfast The memory trade
Jan 7, 2026
Memory stocks are skyrocketing thanks to surging AI demand, with Samsung and SK Hynix discussing significant price hikes. China's officials are assessing Meta's $2B acquisition of an AI startup, raising potential export control concerns. Meanwhile, Discord has filed for a confidential IPO with major banks at the helm. Other hot topics include GE Healthcare's rejected tender offer, Trump's remark about oil from Venezuela, and China's ongoing gold-buying streak that just hit 14 months.
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Memory Stocks Riding An AI-Driven Supercycle
- Memory and storage stocks surged due to strong demand and tighter supply dynamics.
- High bandwidth memory shortages from data centers and GPUs are driving a potential industry super cycle.
Producers Could Push Server Memory Prices Higher
- Samsung and SK Hynix are discussing raising server memory prices by up to 70% in Q1.
- Micron's strong results and guidance reinforce expectations of tightening market pricing power.
China Reviewing Meta's Manus Deal
- China's Commerce Ministry is conducting an early assessment of Meta's $2B Manus acquisition.
- The review may examine export-control issues and could influence the deal without becoming a formal investigation.