Micron and Sandisk Hit Record Memory Margins. There's One Clear Winner.

Micron Technology and Sandisk are both benefiting from record memory chip margins due to high demand and limited supply. However, Micron emerges as the clear winner due to its exposure to high-bandwidth memory (HBM) for GPUs, which is expected to grow faster than conventional DRAM, and its custom chip partnership with Nvidia. Both companies are stabilizing revenue through long-term supply contracts, with Micron securing 35% and Sandisk securing 50% of their respective revenues through 2030.