Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are ‘Vicious’
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The post Cathie Wood Says the Memory Chip Trend Is Up but the Cycles Are ‘Vicious’ appeared first on 24/7 Wall St..
ARK Invest founder and CEO Cathie Wood told investors in Hong Kong on October 13 that her firm stears clear of conventional memory chip makers. That stance runs straight into two of the past year’s biggest winners: Micron Technology (NASDAQ:MU) and SanDisk (NASDAQ:SNDK).
“The trend is up, but the cycles are vicious,” Wood said, according to a Quartz su
ARK Invest founder and CEO Cathie Wood told investors in Hong Kong on October 13 that her firm stears clear of conventional memory chip makers. That stance runs straight into two of the past year’s biggest winners: Micron Technology (NASDAQ:MU) and SanDisk (NASDAQ:SNDK).
“The trend is up, but the cycles are vicious,” Wood said, according to a Quartz su
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