AI Memory Battle: Micron vs SanDisk - Who wins the AI race?

AI-driven demand for memory chips is benefiting semiconductor makers, with Micron leading in high-bandwidth memory after an approximately 811 percent stock rally, driven by strong data-center revenue and HBM demand from major tech customers. SanDisk offers NAND flash and storage exposure with potential upside from a pricing recovery and growing enterprise storage needs tied to AI data growth. Both companies face risks from AI spending cycles and memory pricing volatility, though Micron is currently viewed as better positioned to capitalize on the AI memory boom.