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00:02Shares of memory companies, Micron and SanDisk, rose Monday, as Milius Research said,
00:07demand could remain strong through the end of the decade, according to CNBC.
00:11Memory companies are gaining from a global chip shortage tied to AI demand,
00:16as high-bandwidth memory is integrated with advanced GPUs from NVIDIA
00:20and advanced micro-devices used in most AI data centers.
00:25Milius analyst Ben Reitzes upgraded Micron to a buy rating with 41% upside potential,
00:30as the stock has risen more than 550% over the past year.
00:34Shares gained 5.6% on Monday.
00:37Reitzes said AI is driving durable demand and margins that will lead to higher valuations,
00:42and he expects NVIDIA to increase memory investment as the cycle remains in its early stages.
00:49SanDisk rose 8.1% Monday and is up over 3,000% in the past year
00:54with a market cap above $157 billion.
00:57Reitzes projected another 36% gain over the next 12 months.
01:01For all things money, visit Benzinga.com.
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