Shares of Micron have skyrocketed 370% over the past year, while Sandisk is up more than 1100%.
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The artificial intelligence spending blitz has the memory industry dancing to a new tune.
Shares of Micron
are up more than 370% over the past year, while Sandisk
, which only listed in February of last year, is up more than 1100%.
As generative AI models get more sophisticated, companies need more memory and faster memory, Micron CEO Sanjay Mehrotra said in…
Micron has emerged as one of the most valuable U.S. tech companies thanks to insatiable demand for memory that's needed in AI…
"We need more and more memory to address that demand," Micron CEO Sanjay Mehrotra told CNBC's Jim Cramer.
Micron said it expects the total addressable market for high-bandwidth memory to hit $100 billion by 2028.
Micron's stock has soared this year while its tech peers have struggled, as the impact of rising memory costs ripples across the…
Shares of Micron and Sandisk jumped after Melius Research said in a report that demand for memory will remain strong through the…
