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Shares of memory companies Micron and Sandisk jumped on Monday, continuing their extended runs, after Melius Research said demand could remain high through the end of the decade.
Shares of memory companies Micron and Sandisk jumped on Monday, continuing their extended runs, after Melius Research said demand could remain high through the end of the decade. Memory companies are experiencing major gains from a global shortage for microchips to power artificial intelligence. High Bandwidth Memory, or HBM, is bonded directly to the most advanced graphics processing units from Nvidia and Advanced Micro Devices that power nearly all major AI data centers. Ben Reitzes, an analyst at Melius, upgraded Micron to a buy rating on Monday, noting it could gain another 41% over the ne
