Micron, SanDisk get a number Wall Street rarely writes

Wall Street has a comfy wont erstwhile it comes to representation chips. For 40 years, analysts treated companies similar Micron the mode you'd dainty a sportfishing boat: useful, occasionally lucrative, but ever astatine the mercy of a tide cipher controls.

Prices boom, everyone piles in, proviso floods the market, prices crash, and the banal gets inexpensive again. The rhythm was truthful reliable that investors built it into the valuation, refusing to wage up for net they assumed would evaporate.

That presumption is what makes this week strange.

Memory and retention stocks person spent 2026 doing thing they are not expected to do, which is spell consecutive up and enactment there.

And connected Friday, May 29, 1 Wall Street steadfast decided the aged rulebook nary longer applies, attaching a brace of terms targets to Micron and SanDisk that beryllium higher than thing other connected the Street.

Why the representation spot communicative matters much than the header number

Before getting to the targets, it helps to recognize what these companies really sell, due to the fact that the quality lone lands if you cognize wherefore anyone cares.

Micron (MU) makes 2 kinds of memory. One is DRAM, the fast, short-term representation that lets a machine juggle tasks. The different is NAND, the retention that holds your information erstwhile the powerfulness is off. SanDisk (SNDK) focuses connected NAND flash and the solid-state drives built from it.

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Here is the portion that changed everything. Artificial quality systems are ravenous for both. Training and moving ample AI models requires tremendous pools of high-bandwidth representation sitting adjacent to the chips that bash the math, positive mountains of retention to provender them.

When request for AI accelerators from Nvidia and Advanced Micro Devices exploded, the request for the representation wrapped astir them exploded, too. Micron, SK Hynix, and Samsung power astir the full DRAM market, truthful determination was nary flood of caller proviso waiting to clang prices. For once, the vessel had the tide connected its side.

The numbers backmost that up. Micron, Western Digital, SanDisk, and Seagate Technology each rallied sharply this twelvemonth arsenic enthusiasm astir AI infrastructure spending kept building, according to The Fly. Micron crossed $1 trillion successful marketplace worth for the archetypal clip connected May 26.

Susquehanna raises Micron and SanDisk terms targets

Now the portion everyone was waiting for.

Susquehanna expert Mehdi Hosseini raised his terms people connected Micron to $1,750 from $600, and lifted his SanDisk people to $3,250 from $2,000, some caller Wall Street highs, according to Investing.com. He kept a affirmative standing connected each.