Storage chip stocks continue to surge? JPMorgan: Retail buying is "persistent and strong" with no signs of profit-taking

Glonghui, May 29 — JPMorgan stated that although trading prices of memory chip stocks are near historical highs, retail traders are still eager to ride the wave and continue chasing gains. The bank noted that market demand for stocks such as Micron and SanDisk remains “persistent and strong.” On Thursday, Micron was the most actively traded stock on the Fidelity platform, with 60% of trading activity being buy orders. “Memory chips/AI remains the clearest investment theme among retail investors,” JPMorgan said, adding that since February, Micron and SanDisk have consistently been among the top stock picks for retail traders.