Jun. 25 at 8:25 PM
$SOXL →
$RAM
Interesting parallel being drawn here (SOXL YTD move vs RAM re-rating thesis).
A 470% continuation into RAM would imply a massive re-rating into the
$180–
$200 range.
Is it possible? In pure momentum cycles, yes — but it would require:
Sustained DRAM pricing strength
Continued AI memory supercycle
Strong earnings beats across
$MU and peers
Persistent multiple expansion (not just revenue growth)
Right now, it’s more of a “if everything goes right” scenario than a base case.
Worth watching, but execution + cycle duration matter more than the chart comparison.