@davewils
Memory chip makers’ stocks are soaring amid shortages driven by booming AI demand.
SanDisk shares have skyrocketed more than 1,560% over the past year as a global memory chip shortage intensifies due to growing demand for AI infrastructure.
The company reported second-quarter revenue of $3.03 billion - up 61% year over year - with data center sales surging 76% as AI developers increasingly adopt its products.
Micron Technology says it is “fully booked for 2026” and expects supply shortages to persist throughout the year and beyond.
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