Micron and Sandisk hit record highs after Nvidia partners with IREN to deploy 5GW of AI infrastructure.
Memory-chip stocks rallied Friday as data center spending for artificial intelligence applications drove gains. Micron and Sandisk reached record highs, fueled by Nvidia’s strategic partnership with AI cloud provider IREN to accelerate deployment of up to five gigawatts of AI infrastructure.
Demand for memory chips, including dynamic random-access memory, has surged alongside broader AI-related stock performance. Google, Broadcom, and ASML also saw strong interest from mutual funds, reflecting heightened investor focus on AI-driven growth.
The rally underscores growing confidence in AI infrastructure expansion, with chipmakers positioned as key beneficiaries of increased capital expenditure in the sector.