The recent vertical trajectory of Micron (MU) and SanDisk (SNDK) stock prices—both jumping over 11% in just the last 24 hours—is being driven by an "AI-memory supercycle" that some analysts are calling "RAMageddon." Micron has surged past a $650 billion market cap following blockbuster earnings and the reveal of its 245TB SSD, while SanDisk (now a standalone entity after its spinoff from Western Digital) has seen its stock price skyrocket toward $1,500 on the back of $42 billion in AI-related deals. This "shoot up" is fueled by a desperate supply crunch: high-bandwidth memory (HBM) and enterprise SSDs are effectively sold out through 2026, allowing these companies to command massive price premiums from AI data center operators. While the volatility is intense, the market is currently betting that the historical "boom and bust" cycle of memory chips has been replaced by a permanent, structural demand for AI infrastructure.
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