Why the market's biggest winners look so cheap
Data: FactSet; Note: As of June 30, 2026 market close; Table: Matt Phillips/AxiosThe market's giant winners this year — memory-related stocks — also look ridiculously cheap. Why it matters: Their low price-to-earnings multiples reflect the market's worries that the current boom times won't last.
Reported by 1 outlet — Axios. See all sources ↓
Data: FactSet; Note: As of June 30, 2026 market close; Table: Matt Phillips/AxiosThe market's giant winners this year — memory-related stocks — also look ridiculously cheap. Why it matters: Their low price-to-earnings multiples reflect the market's worries that the current boom times won't last. Yes, but: Some analysts argue that this time is different because of the arrival of AI as a giant new source of demand for memory. They say the market should start valuing memory shares more like other tech companies.If the memory bulls are right, it could keep the market climbing.Case in point: Take SK Hynix, the South Korean memory chipmaker and market darling that soared more than 500% over the last year.It just raised $26.5 billion selling U.S.
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- What's the story?
- Data: FactSet; Note: As of June 30, 2026 market close; Table: Matt Phillips/AxiosThe market's giant winners this year — memory-related stocks — also look ridiculously cheap. Why it matters: Their low price-to-earnings multiples reflect the market's worries that the current boom times won't last.
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- 1 outlet, average source rating 7.0/10.
- When was it last updated?
- 7m ago.
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Why the market's biggest winners look so cheap
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