The demand for artificial intelligence is driving growth among memory and storage providers, with SanDisk (SNDK) and Micron (MU) emerging as major beneficiaries. SanDisk supplies high-bandwidth memory (HBM) for AI data centers, with its stock price soaring nearly 125% this year, rising from $275 in January to $618. Micron is also a key supplier of HBM, with its 2026 inventory sold out and production ramping up. Its stock price has increased nearly 28% so far this year, after a significant 350% rise since 2025.

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