00:00It's Benzinga bringing Wall Street to Main Street.
00:02Shares of major memory chip makers rose on Monday as investors anticipated further price
00:07gains tied to a global supply crunch driven by rising demand for artificial intelligence
00:11infrastructure, according to Reuters. Samsung co-CEO TM Roe called the shortage unprecedented
00:17in comments to Reuters and said constraints could last months or years. Chip makers are
00:22redirecting production toward high bandwidth memory for AI servers, tightening supply for
00:26other products such as flash memory used in smartphones and USB drives.
00:31TrendForce said prices in some segments have more than doubled since February last year.
00:36Micron shares rose about 2%, while Samsung and SK Hynix gained nearly 7.5% and 3%.
00:43Analysts at Morningstar and JP Morgan said the upturn could extend into 2027.
00:49For all things money, visit Benzinga.com.
Comments