Micron and Sandisk Experience Surge in Memory Chip Demand
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1 day ago
0mins
Should l Buy INTC?
Source: NASDAQ.COM
- Surging Market Demand: Gartner projects that the memory chip market will soar from $216 billion last year to $633 billion by 2026, reflecting strong demand for computing and storage solutions for AI workloads, thereby driving significant growth for Micron Technology and Sandisk.
- Micron's Earnings Surge: Micron reported earnings of $12.20 per share in Q2 of fiscal 2026, nearly an 8-fold increase year-over-year, with guidance for the current quarter pointing to $19.15 per share, showcasing its strong performance in the DRAM and NAND markets amid favorable pricing conditions.
- Sandisk's Contract Growth: Sandisk's revenue rose 251% year-over-year to $5.95 billion in Q3 of fiscal 2026, and it has signed five long-term supply agreements, indicating robust demand for storage solutions in AI data centers, with earnings expected to increase over 20-fold this fiscal year.
- Intel's Market Recovery: Intel's server CPUs are now deployed in AI data centers, leading to a 22% year-over-year revenue increase to $5.1 billion, while its ASIC sales nearly doubled, indicating a strengthening competitive position in the AI chip market.
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Analyst Views on INTC
Wall Street analysts forecast INTC stock price to fall
29 Analyst Rating
5 Buy
19 Hold
5 Sell
Hold
Current: 109.620
Low
20.00
Averages
39.30
High
52.00
Current: 109.620
Low
20.00
Averages
39.30
High
52.00
About INTC
Intel Corporation is a global designer and manufacturer of semiconductor products. The Company's segments include Intel Products, Intel Foundry, and All Other. Its Intel Products comprise Client Computing Group (CCG) and Data Center and AI (DCAI). CCG delivers platforms and processors that power PCs and edge devices, enabling enhanced performance, connectivity and user experience for consumer and commercial markets with capabilities that also support retail, industrial robotics and AI ecosystems at the edge. DCAI delivers workload-optimized solutions based upon its x86 architecture for data centers, including CPUs, AI accelerators, NICs, IPUs and custom ASICs, enabling performance and scalability for cloud, enterprise, telecommunication and HPC environments. The Intel Foundry segment comprises technology development, manufacturing and foundry services, developing new semiconductor process technologies and advanced packaging technologies. All Other segments include Mobileye and Other.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Introduction of Stablecoin: Ripple's introduction of the stablecoin RLUSD, designed to replace XRP in cross-border transactions, exacerbates the situation by providing banks with a stable asset option, thus diminishing the potential price impact of ODL adoption for XRP.
- Five-Year Outlook: While Ripple is likely to grow into a significantly larger payments infrastructure business, analysts predict that XRP's price may remain below $1 in five years, reflecting a misunderstanding of which Ripple products banks actually utilize and the competitive pressure from the stablecoin.
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