2 Oversold Memory Stocks to Buy Now After the Crash

The trade of the year is under pressure.

Storage and memory stocks are in a bear market.

This represents a phenomenal opportunity.

Here are 2 oversold memory stocks to buy now after the crash.

Over the short run, equity prices reflect supply and demand. Over the long run, prices reflect the earnings power of a company.

Every now and then, fundamentally superior stocks are subject to near-term manic trading.

We’ve been very vocal on owning top memory stocks since last year. That stance isn’t changing.

The major difference today is the whole group is now in a bear market.

Below illustrates this beautifully.

SK Hynix (SKHY), the massive IPO from last week, shares are down 37% from highs.

Western Digital (WDC), SanDisk (SNDK), and Samsung are each down ~30% from their peaks.

Mighty Micron (MU) has slid 25%:

The million-dollar question is simple: Is now the time to duck under the desk OR is time to look for deep discounts on outstanding companies?

I’ll take the latter.

Let’s now unpack 2 oversold opportunities as we head into earnings season.

Valuations have fallen to silly levels.

2 Oversold Memory Stocks to Buy Now After the Crash

A severe chip shortage set off a memory and storage bottleneck last year.

Data center buildouts kept chip demand high, causing supply to dwindle.

That said, recent high-flying stocks have succumbed to a nasty selloff…presenting a unique buy the dip opportunity.

Our number 1 oversold memory stock to buy now is Micron (MU). The $1 trillion chip giant provides memory and storage solutions for hyperscalers and data center customers.

The company has noted the supply-demand imbalance for HBM, DRAM, and NAND to persist well-past 2026.

The latest selloff has sent shares down 25% from highs. This has allowed the forward P/E to collapse to just 6.3 times:

This is a stock in growth mode, where earnings continue to improve. In fact, the PEG ratio sits at just .05, making MU the cheapest stock in the S&P 500 by this metric.

Estimated earnings continue to climb, making the equity pullback extremely attractive.

Here we can see the estimated EPS for 2027 sits at $153.53 and 2028 has climbed to $166.45:

Folks, as we’ve hinted at routinely, these estimates can be low and are often revised higher.

This is why Micron has been the darling of institutional investors the past year.

Whenever smart investors see a mispriced opportunity, they pounce.

MU has been under immense accumulation. The recent consolidation mimics prior cool off periods as you can see below.

Discrete inflows ramp, then subside before powering higher (left). Note how the blue bars (right) indicate the Outlier designation…signaling a very strong fundamental ranking:

Ladies and gentlemen, pullbacks on crazy-cheap growth stocks are a blessing.

Don’t buy into the bear-bait.

Low-volume summertime gyrations are normal. As far as I see it, Micron represents one of the most compelling opportunities in the market.

Let’s do another.

The number 2 oversold memory stock to buy now is SanDisk (SNDK).  The $250 billion flash technology giant has seen its shares vault and incredible 580% in 2026.

Near-term, shares have fallen 31%. This has caused its forward PE to drop to 7.7 times:

Is this a trap or opportunity?

Based on estimated earnings, SanDisk represents extreme value.

Below, note how 2027 EPS estimates have been revised higher to nearly $207 per share.

FY 2028 EPS was recently ratchetted up to $241:

When earnings are expected to climb, shares tend to follow suit. This selloff appears disconnected from reality.

And if you think the institutional picture has shifted negative, think again.

One review of the money flow picture for SNDK reveals how shares tend to see spurts of inflows driving prices higher, followed by a slowing of demand.

The consolidation we see today mimics prior cool downs:

Now, I won’t minimize the selloff. They aren’t fun to sit through.

…but once the tide turns back positive, you’ll be glad you hung on.

Pullbacks are common.

Expect them…don’t fear them.

MoneyFlows helps serious investors understand the single power law in finance: Supply and demand.

Our unique process allows you to dive into daily flows on thousands of stocks and access our powerful weekly Outlier 20 report.

Make 2026 your best year yet.

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AND don’t miss my in-depth conversation with Jason Bodner on the memory stock selloff. We breakdown the recent SK Hynix IPO and outline 4 huge opportunities right now.

Enjoy!

***Lastly, join co-founder Jason Bodner LIVE, August 25-28, 2026, at the MoneyShow Masters Symposium in San Francisco. 

You don’t want to miss this! Click the image below to reserve your spot.