Sandisk Jumps 3,400% as AI Memory Shortages Lift Micron and SK Hynix
Updated
Updated · The Motley Fool · Aug 23
Sandisk Jumps 3,400% as AI Memory Shortages Lift Micron and SK Hynix
3 articles · Updated · The Motley Fool · Aug 23
Summary
Sandisk has surged 3,400% in the past year, while Micron gained more than 700% and SK Hynix rose 600% as AI-driven memory demand fueled a sector-wide rally.
HBM demand for AI GPUs has become a key bottleneck, pushing SK Hynix, Samsung and Micron to prioritize DRAM capacity and leaving the broader DRAM market short of supply and facing sharply higher prices.
NAND is also tightening because memory makers cut flash output after the post-pandemic crash, then shifted resources toward DRAM and HBM even as AI data centers increased demand for enterprise SSDs.
This cycle may last longer than past booms because AI infrastructure spending is still accelerating, new clean-room capacity takes time to build, and producers have secured unusually long-term contracts.