Memory company stocks are seeing 1,000% gains from the AI boom [Yahoo! Finance]
Advanced Micro Devices, Inc. (AMD)
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Source: Yahoo! Finance
It also boosted Google ( GOOG GOOGL ) and Microsoft's ( MSFT ) earnings and turned ChatGPT into a household name. But the AI frenzy isn't limited to companies that make AI chips or even the ones that build AI software. Memory and storage companies are also benefiting from the AI explosion. AI data centers house thousands of computer servers that run the AI apps people use every day. And while GPUs from Nvidia and Advanced Micro Devices ( AMD ) generally do the heavy lifting, those servers also need memory and storage, just like your laptop or smartphone. And just as the AI data center build-out sent GPU sales skyrocketing, it has also turned memory and storage chips into red-hot commodities, leaving producers unable to keep up with demand and creating a global shortage. And that has sent companies' stock prices soaring. Memory maker Sandisk ( SDNK ), for instance, began trading in late February 2025 after being spun off from Western Digital ( WDC ). The company's stock price h
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- AMD: Why I'm Slapping A Strong Sell On This Market Darling (Rating Downgrade) [Seeking Alpha]Seeking Alpha
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