Ryan Vestelica

speaker

483 appearances 21 recordings 1 series first heard Nov 2025 last heard 28 Aug

Ryan Vestelica’s voice in public audio — every appearance, attributed to the second.

Trend

recordings per month · last 12 months

Recordings per month over the last 12 months — 21 in all, peaking in Jul 2026 with 7.

Appearances

newest first · ▶ plays the moment

Bloomberg Tech · SK Hynix, Micron Join $1 Trillion Market Cap Club · 27 May 2026 podcast

I think Micron's revenue nearly tripled last quarter, which was voice-verified

I think the fastest pace of growth going back to, I think, the 1990s. voice-verified

So absolutely just staggering levels of demand for these types of chips, all of which are being used in the AI infrastructure. voice-verified

And that is really translating in a pretty direct way to the stock prices. voice-verified

I think Micron is up more than 70% in May by itself, which is the biggest one-month jump since December 1987. voice-verified

Just to give you a sense of just how quickly these stocks are moving up. voice-verified

Yeah, the levels of growth that these companies are seeing is absolutely astronomical. voice-verified

And I can also add in SanDisk, Western Digital, Seagate, all the memory and storage space are just seeing absolutely huge demand. voice-verified

The valuation picture is a little bit tricky, though. voice-verified

In fact, we have a story coming out tomorrow, but I'll give you a sneak preview. voice-verified

Micron's multiple is trading under 10 right now, 10 times forward earnings. voice-verified

That is extremely low, especially for a company growing this quickly. voice-verified

However, because memory has historically been quite cyclical, there are some concerns that this low multiple might be an indication of peak earnings. voice-verified

I've actually had someone say to me that he would feel more comfortable if Micron was really expensive right now, because that would indicate maybe a trough level in earnings that are about to go ahead, leading the stock up with it. voice-verified

So right now, you can certainly say that Micron is inexpensive. voice-verified

The question is, is AI changing the cyclical nature of memory overall, that we are in some kind of new paradigm where maybe Micron actually is as cheap as it looks, and this isn't some kind of contrarian warning light? voice-verified

Yeah, so UBS came out. voice-verified

I think they actually tripled their price target. voice-verified

I think the estimate was that this would eventually be a $1.8 trillion company. voice-verified

So even though we've seen some huge gains in the stocks, UBS expects the upside, sees a lot more additional upside from here. voice-verified

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