The artificial intelligence boom has reshaped the stock market over the past two years. Graphics processors grabbed the headlines first, but AI infrastructure reaches far beyond chips that perform calculations. Every AI model also needs somewhere to store the mountains of data it creates, trains on, and retrieves. That has turned memory into one of the hottest corners of the semiconductor industry.
While investors expected companies like Micron Technology (NASDAQ:MU) to benefit, the market’s biggest winner has been Sandisk (NASDAQ:SNDK), whose stock has delivered returns that few investors imagined possible since becoming an independent company last year.
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