"The catalyst is structural. Hyperscaler demand for high-bandwidth memory (HBM), NAND flash, and high-capacity drives has driven record results across the memory complex. Micron's Q1 FY2026 revenue jumped 57% year over year (YoY) to $13.64B, with Cloud Memory revenue nearly doubling to $5.28B at 66% gross margins. SanDisk's datacenter segment revenue surged 645% YoY in its Q3 FY2026 report, and CEO David Goeckeler described the move as a "fundamental inflection point" tied to AI workloads. Order books reportedly stretch into 2027 across the major memory producers."
"Forward guidance has reinforced the bid. Micron guided Q2 FY2026 revenue to $18.7B with non-GAAP EPS of $8.42 at the midpoint. Moreover, SanDisk projected Q4 FY2026 EPS of $30 to $33 on revenue between $7.75B and $8.25B. CEO commentary across the group has been emphatic. Micron CEO Sanjay Mehrotra cited "record revenue and significant margin expansion" in Q1 FY2026, while Seagate CEO Dave Mosley described a "new era of structural growth as AI applications amplify data creation.""
"Shares of the Roundhill Memory ETF (CBOE:DRAM) are extending a parabolic run, trading near $55.80 in Monday midday action and up about 6% on the day. The fund has now roughly doubled since launching on April 2, putting its 2026 gain at approximately 107%. The move caps a blistering stretch for the new fund. Amazingly, the DRAM ETF is up 31% over the past week and 72% over the past month."
"Among the fund's top weightings are Samsung Electronics, SK Hynix, and Micron Technology (NASDAQ:MU | MU Price Prediction). Other major holdings include SanDisk (NASDAQ:SNDK), Western Digital (NASDAQ:WDC), and Seagate Technology (NASDAQ:STX). Why are these memory-sector names rallying now, though? AI Memory Supercycle Powers the Rally. The individual names show the magnitude of the move. Micron stock is up 182% year to date (YTD) and added another 8% Monday."
Shares of the Roundhill Memory ETF trade near $55.80 and are up about 6% on the day, extending a parabolic run. The fund has roughly doubled since launching on April 2, with a 2026 gain around 107%. Performance has been rapid, with gains of 31% over the past week and 72% over the past month. The rally is driven by structural hyperscaler demand for high-bandwidth memory, NAND flash, and high-capacity drives. Micron reported Q1 FY2026 revenue up 57% year over year to $13.64B, with Cloud Memory revenue nearly doubling to $5.28B at 66% gross margins. SanDisk’s datacenter segment revenue rose 645% year over year, and order books reportedly extend into 2027. Forward guidance and CEO commentary point to record revenue, margin expansion, and structural growth tied to AI workloads.
Read at 24/7 Wall St.
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