Micron and Sandisk continue rally as demand for memory expected to persist
Micron and Sandisk shares surged amid sustained high demand for memory chips driven by AI, with analysts citing strong pricing and long-term supply agreements boosting investor confidence. Both companies have seen massive stock gains over the past year due to tight supply and rising demand for HBM and NAND memory. Analysts expect the AI-driven memory boom to continue, supporting higher margins and further price increases. Micron and Sandisk are expanding production capacity globally to meet long-term demand.
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Shares of memory companies Micron and Sandisk jumped on Monday, continuing their extended runs, after Melius Research said demand could remain high through the end of the decade. Memory companies are experiencing major gains from a global shortage for microchips to power artificial intelligence. High Bandwidth Memory, or HBM, is bonded directly to the most advanced graphics processing units from Nvidia and Advanced Micro Devices that power nearly all major AI data centers. Ben Reitzes, an analyst at Melius, upgraded Micron to a buy rating on Monday, noting it could gain another 41% over the next 12 months.
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