AI memory stocks rally 140 percent in strong year, Phil Rosen notes

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AI memory stocks rally 140 percent in strong year, Phil Rosen notes — AI memory stocks up 140 percent

Phil Rosen highlights that Micron, SK Hynix, and Samsung have all entered a bear market, each falling more than 20 percent from recent highs.

Despite this decline, Phil Rosen points out that AI memory stocks as a group have still gained over 140 percent this year, demonstrating strong performance even with the current selloff. He expresses skepticism that this recent downturn signals a lasting reversal for memory stocks.

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Phil Rosen has tracked other major declines in recent reports. He noted that Microsoft's stock fell 25 percent over the past year despite a record $82.9 billion revenue quarter. Rosen also highlighted that Intuit dropped nearly 60 percent, leading the list of the S&P 500's worst performers this year. These moves come as investors weigh large swings among technology names.

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