Micron and Sandisk Are Surging: Can the Rally Last Through 2027?
Both memory makers have seen their stocks melt up this year due to the artificial intelligence boom.
Overview
The hottest artificial intelligence (AI) stocks this year are not names like Nvidia and Palantir Technologies, which have put on a clinic in recent years and generated phenomenal returns for shareholders. This year, parts of the AI supply chain have come into focus, propping up lesser-known companies and even some legacy tech names that had been overlooked until recently.
Two of those companies are Micron Technology (NASDAQ: MU) and Sandisk (NASDAQ: SNDK), which are up 240% and 570%, respectively, this year (as of July 22). Can the rally last through 2027?
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.