"Micron shares were down almost 10% over the past five days, and down 3.5% overnight. SanDisk shares were down more than 4% over the previous five days, and down 4.4% overnight."
"The declines are a reversal of fortunes for the two chip stocks, which have had an incredible year so far, in large part due to a looming shortage of random access memory (RAM) storage."
"The AI boom requires a lot of memory and computing power. As tech giants build out massive AI data centers to power the boom, chipmakers simply haven't been able to keep up."
Micron Technology Inc and SanDisk Corp are facing substantial stock price declines, with Micron down nearly 10% and SanDisk over 4% in recent days. This downturn contrasts sharply with their previous strong performance, driven by a shortage of random access memory (RAM) linked to the AI boom. The demand for memory and computing power from tech giants building AI data centers has outpaced the supply from chipmakers, leading to this reversal in stock fortunes.
Read at Fast Company
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