Sandisk, Micron Surge 635% and 242% in 2026 as Tight Memory Supply Lifts Prices
Updated
Updated · The Motley Fool · Jul 8
Sandisk, Micron Surge 635% and 242% in 2026 as Tight Memory Supply Lifts Prices
3 articles · Updated · The Motley Fool · Jul 8
Summary
Sandisk has jumped 635% in 2026 and Micron 242%, leading the S&P 500 even after both stocks fell about 20% from record highs set days ago.
Data-center AI buildouts have driven memory-chip demand far beyond available supply, sending DRAM and NAND prices sharply higher for the two manufacturers.
Micron said on its latest earnings call that tight DRAM and NAND conditions should persist beyond 2027, with new industry capacity not expected to arrive until 2027 or later.
Despite the rally, both stocks still trade below 14 times forward earnings versus about 21.7 for the S&P 500, supporting the view that they remain relatively cheap.
The main risk is a loss of memory-chip pricing power, but the current supply-demand imbalance suggests that pressure may still be years away.