Micron vs. Sandisk: Which AI Memory Stock Is the Better Buy?
Both companies are benefiting from a surge in memory demand, and there's no sign of it slowing down.
Overview
Micron Technology (NASDAQ: MU) and Sandisk Corporation (NASDAQ: SNDK) are both leading memory chip companies that are benefiting from the rise in memory demand. Memory supplies are strained right now as tech companies ramp up data center infrastructure to fuel their artificial intelligence (AI) services.
That's led to a memory crunch that's pushed memory prices higher and resulted in skyrocketing profits for Micron and Sandisk. And the memory shortage isn't over just yet. Counterpoint research estimates that memory will be in short supply at least through 2027.
Details
So, with profits rising and memory demands likely to remain elevated for at least a couple of years, should you buy Micron or Sandisk stock right now? Here's why both companies are a good buy right now -- and why Micron has the slight advantage.
Source
Originally published at www.fool.com.