Puru Saxena Says Memory Stocks Are Cheap for a Reason

Puru Saxena of AlphaTarget @saxena_puru sold 40 to 45 percent of his holdings and hedged before the July drawdown in AI names, then bought back in over the last two weeks. He is now positioned for a rally he thinks runs for months. But he is wary of memory. His analysts found memory stocks historically top when the revenue growth rate tops, often months ahead of it, and he argues the low price to earnings ratios people keep posting are low precisely because the market does not believe peak margins last. Education, not a recommendation. 📊 tastylive: https://www.tastylive.com/ 📰 Get Tom's pre-market analysis every morning: https://www.tastylive.com/newsletters 📘 FREE Options Strategy Guide: https://tinyurl.com/bp9ms763 📱 Follow tastylive on X: https://x.com/tastyliveshow Chapters 00:00 A hot welcome from Dubai 00:36 Selling 45 percent before the drop 02:26 When the 40 week average triggers a trim 03:01 Cash out or hedge, and why 04:24 Nvidia into earnings 06:06 Why they are strictly in AI 07:55 The TMT bubble parallel 08:53 Why memory looks precarious 10:38 What he saw travelling 12:27 Agentic AI and the early innings #tastylive #purusaxena #aistocks #memorystocks #semiconductors #nvidia #investing #tradingtrends #tastytrade #stockmarket tastylive is a real financial network, producing hours of live programming every day. Follow along as our experts navigate the markets, provide actionable trading insights, and teach you how to trade. With over 120 original segments, and over 25 personalities, we'll help you take your trading to the next level, whether you are new to trading or a seasoned veteran. tastylive content is created, produced, and provided solely by tastylive, Inc. ("tastylive") and is for informational and educational purposes only. It is not, nor is it intended to be, trading or investment advice or a recommendation that any security, futures contract, digital asset, other product, transaction, or investment strategy is suitable for any person. Trading securities, futures products, and digital assets involve risk and may result in a loss greater than the original amount invested. Investment information provided may not be appropriate for all investors and is provided without respect to individual investor financial sophistication, financial situation, investing time horizon or risk tolerance. Options, futures, and futures options are not suitable for all investors. Prior to trading securities, options, futures, or futures options, please read all applicable risk disclosures, including, but not limited to, the Characteristics and Risks of Standardized Options Disclosure and the Futures and Exchange Traded Options Risk Disclosure Statement found at https://tastytrade.com/disclosures/. Past performance is not indicative of future results. Performance is not presented net of all commissions, fees, and expenses. Multi-leg option strategies incur higher transaction costs than single leg trades as they involve multiple commission charges. Examples provided are for illustrative, informational, and educational purposes only and are not intended to be reflective of results you can expect to achieve. Supporting documentation for any claims, including claims made on behalf of options programs), comparisons, statistics, or other technical data, if applicable, will be supplied upon request. tastylive, through its content, financial programming or otherwise, does not provide investment or financial advice or make investment recommendations. tastylive is not a licensed financial adviser, registered investment adviser, or a registered broker-dealer.