The AI rally has taken many forms, and now the crucial bottleneck appears to be memory. Specifically, the high-bandwidth DRAM and NAND that only a handful of global companies can produce at scale.
Micron Technology has been the poster child of this memory shortage, and it’s justifying its sky-high price targets with impressive earnings figures. MU shares are up more than 800% in the last 12 months, and the company reported year-over-year (YoY) revenue growth of 345% and YoY EPS growth of 1200% in its Q3 2026 earnings released on June 24.
The memory shortage is spilling into other industries as well, with Apple raising laptop prices and Microsoft raising Xbox prices. But Micron, Sandisk, and Western Digital are already well-known to investors.
Here are four memory stocks with promising outlooks that might still be slipping under the radar.
Silicon Motion Technology Corp.
