Micron and Sandisk shares surge as AI demand boosts memory sector

10 articles · Updated · CNBC · Apr 27

Micron shares jumped 5% and Sandisk rose over 7% in midday trading after Melius Research forecast sustained AI-driven memory demand.
Analysts noted investors are likely to value memory stocks higher, viewing them as less cyclical than before. Melius recently set two-year price targets of $700 for Micron and $1,350 for Sandisk.
Both companies have seen dramatic gains over the past year, with Sandisk up nearly 3,000%. The AI boom is expected to drive strong memory demand through the end of the decade.

After soaring 3,000%, is Sandisk's AI-fueled rally a bubble or the start of a new supercycle?

How will the global AI memory shortage impact the price and availability of everyday consumer electronics?

Can chipmakers escape their historic boom-bust cycles, or will new factories lead to an inevitable market crash?

With HBM supply sold out for years, what happens to the AI industry if a key manufacturer falters?

Is 'memflation' a temporary bottleneck or a permanent feature of the new AI-powered economy?