Every Memory Stock Is Now in a Bear Market: Is Micron, SanDisk, or Applied Materials the Best Buy?

The article “Every Memory Stock Is Now in a Bear Market: Is Micron, SanDisk, or Applied Materials the Best Buy?” examines how the memory-chip sector’s sharp sell-off is reshaping investor comparisons among Micron, SanDisk, and Applied Materials. It attributes the pullback to recent peaks and cites Carson Group strategist Ryan Detrick saying Micron is down 22% from highs, Applied Materials down 23%, Western Digital down 28%, and Seagate down 24%. Despite the “bear market” label, the piece notes YTD gains of 228% for Micron, 115% for Applied Materials, and 606% for SanDisk based on Yahoo Finance. For valuation, it says Micron trades at a forward P/E of about 6x with forward EPS around $64.91, compared with Applied Materials at 38x and SanDisk at 27x (with negative trailing earnings). On fundamentals, it highlights Micron’s fiscal Q3 2026 revenue of $41.46 billion (+346% YoY) and non-GAAP EPS of $25.11 (+24% estimate beat), while also contrasting dividend policy: Applied Materials pays a $0.53 quarterly dividend raised 15% this year, versus Micron’s $0.15 and SanDisk’s no dividend.