Wall Street Breakfast Podcast: The Memory Trade

Group 1: Memory and Storage Stocks - Memory and storage stocks have seen significant gains, with Sandisk (SNDK) rising nearly 28%, Western Digital (WDC) up 17%, Seagate Technology (STX) increasing by 14%, and Micron (MU) gaining 10% [3] - Micron's recent quarterly results and guidance were significantly better than expected, leading Wall Street firms to suggest the company is in a "supercycle" [4] - A shortage in high-bandwidth memory is reported as data centers and GPUs increase their demand, with Samsung Electronics and SK Hynix discussing a potential price increase for server memory by up to 70% in Q1 [4] Group 2: Meta's Acquisition Review - China's commerce ministry is reviewing Meta's (META) $2 billion acquisition of AI startup Manus for potential violations of technology export controls [5][6] - The review is assessing whether Manus's relocation to Singapore required a Chinese export license, which could allow Beijing to influence the transaction [6] - However, Manus's product is not deemed core technology vital to China, which may reduce the urgency for intervention [6] Group 3: Discord's IPO Filing - Discord (DSCD) has confidentially filed for an initial public offering, with Goldman Sachs and JPMorgan Chase as lead underwriters [7][8] - Founded in 2015 and based in San Francisco, Discord has over 200 million monthly active users and is popular among gamers and programmers [8] - The IPO plans are still preliminary, with no specific timeline, valuation, or listing exchange announced yet [8]