Are Micron and Sandisk Stocks in a Bubble? - AOL.com

Micron Technology and SanDisk are leading memory chip manufacturers whose stock performances have been exceptionally strong, with Micron up 860% and SanDisk soaring 4,160% over the past year. Despite ... Read original →

The memory stock surge isn't a bubble—it's the direct consequence of AI infrastructure scaling. Exploding HBM demand is reshaping the tech stack: NVIDIA’s Blackwell GPUs require 128GB of HBM3e each, catapulting Micron into high-margin territory, while SanDisk’s enterprise SSDs serve as critical data buffers for cloud AI workloads. Geopolitically, U.S. CHIPS Act subsidies ease capex burdens, yet supply chain fragility persists due to heavy concentration in Taiwan, China and Korea. In response, Samsung is fast-tracking HBM4, SK Hynix deepens CoWoS integration with NVIDIA, and Intel leverages its 18A node to enter HBM foundry services. Over the next 18 months, AI server shipments will double, sustaining acute shortages in HBM and premium NAND—pricing power will defy historical cyclicality. This isn’t speculation; it’s a structural re-rating driven by the industrialization of compute.