"Yesterday, all four of the Nasdaq's major memory chip makers saw their stock prices jump, with Micron and Sandisk focusing on short-term memory chips, while Western Digital and Seagate specialize in long-term memory."
"As of yesterday's market close, during the past five trading sessions, Sandisk is up 40%, Micron is up nearly 27%, Seagate is up 33%, and Western Digital is up 19%, showcasing an astounding jump over such a short time."
"When the AI boom kicked off in 2023, the most critical component in data center buildouts that companies focused on was the GPU, but memory chips are now becoming the bottleneck."
The stock prices of major memory chip makers surged recently, with Micron and Sandisk seeing increases over 11% in a single trading session. Over five trading sessions, Sandisk rose 40%, Micron nearly 27%, Seagate 33%, and Western Digital 19%. The AI data center boom has created a demand for memory chips, particularly short-term memory chips, which are now seen as critical components in data center buildouts, leading to significant gains for these companies and their investors.
Read at Fast Company
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