Lighthouse Canton says memory-chip selloff diverges from earnings, flags opportunity to sell elevated volatility

Reuters2026/07/29 11:41

By:Reuters

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Lighthouse Canton flagged a sharp selloff in memory-chip stocks despite continued beat-and-raise earnings across Micron, SanDisk, Western Digital, SK Hynix.
Micron posted fiscal Q3 revenue growth of 346% year over year, raised guidance, trades on a mid-single to low-double-digit forward P/E.
HBM demand remained tight into 2027, with Micron citing about USD 100 billion of locked-in future revenue tied to HBM backlog.
Pullback framed as positioning unwind, oversupply fears linked to a Chinese DRAM entrant, catalyst risk around SK Hynix results.
Preferred stance favored selling elevated single-name volatility via put-selling, put spreads, covered calls rather than timing a bottom.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Lighthouse Canton Pte Ltd published the original content used to generate this news brief on July 29, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Lighthouse Canton says memory-chip selloff diverges from earnings, flags opportunity to sell elevated volatility

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