Micron, Sandisk, and SK Hynix: History Says This About the Memory Trio's Rally

Memory stocks Micron, Sandisk, and SK Hynix have surged dramatically (up 700%, 3,400%, and 600% respectively over the past year) driven by AI infrastructure demand and supply constraints in DRAM and NAND flash memory. While historically memory markets experience boom-and-bust cycles, this cycle appears different due to sustained AI demand, limited manufacturing capacity, HBM production constraints, and long-term contracts securing supply.