Micron Rockets 12%, SanDisk Leaps 10% as Tight Memory Supply Fuels Parabolic AI Trade

2 days ago 10

David Moadel

Tue, May 5, 2026 astatine 10:58 AM CDT 4 min read

Quick Read

The representation banal rally continues arsenic Micron (MU) has delivered Q1 2026 non-GAAP EPS of $4.78 beating expectations by 21% with gross of $13.64B, up 57% year-over-year, portion SanDisk (SNDK) posted Q3 FY2026 EPS of $23.41, beating estimates by 60%.
Structural representation spot shortages tied to AI infrastructure spending are driving organization rotation into hardware suppliers, with NAND flash prices rising 60% successful Q1 2026 and Q2 hikes projected astatine 70-75%, marking pricing powerfulness the representation marketplace hasn’t seen successful years.
The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Micron Technology wasn't 1 of them. Get them present FREE.

Memory spot stocks are ripping higher again this morning, with Micron Technology (NASDAQ:MU) shares up 12% and SanDisk (NASDAQ:SNDK) shares climbing 10% successful mid-morning trading connected Tuesday. MU banal is changing hands adjacent $644, portion SNDK shares are pushing done $1,380.

The synchronized rally extends what's already been a parabolic twelvemonth for representation names. Micron banal is up 125% twelvemonth to date, portion SanDisk shares person surged 478% successful 2026 truthful far. Both stocks deed caller 52-week highs past week alongside Intel (NASDAQ:INTC) stock, per MSN sum published May 4.

The catalyst is straightforward. A structural representation shortage communicative present drives assertive organization rotation into hardware suppliers tied straight to AI infrastructure spending.

The expert who called NVIDIA successful 2010 conscionable named his apical 10 stocks and Micron Technology wasn't 1 of them. Get them present FREE.

Micron's HBM Engine Keeps Accelerating

Micron's determination builds connected a stunning fiscal Q1 2026 report, wherever the institution posted non-GAAP EPS of $4.78 against a $3.94 statement and gross of $13.64 billion, up 57% twelvemonth implicit year. The Cloud Memory Business Unit unsocial delivered $5.28 cardinal successful gross astatine a 66% gross margin.

The company's Q2 FY2026 guidance pointed to gross of $18.7 cardinal and non-GAAP EPS of $8.42, with bid books reportedly stretching into 2027. Micron Technology CEO Sanjay Mehrotra stated that the outlook reflects "substantial records crossed revenue, gross margin, EPS and escaped currency flow" with Micron positioned arsenic "an indispensable AI enabler."

The MU banal bull lawsuit rests connected choky High Bandwidth Memory (HBM) supply, hyperscaler bid visibility, and a P/E ratio of 26x that bulls reason inactive looks tenable fixed net momentum. The carnivore lawsuit is harder to ignore: insiders person logged 11 caller transactions with nett selling, and the mean expert people terms of $551.4 sits beneath today's print.

Read Entire Article