{"id":341704,"date":"2026-03-12T03:45:12","date_gmt":"2026-03-12T03:45:12","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/341704\/"},"modified":"2026-03-12T03:45:12","modified_gmt":"2026-03-12T03:45:12","slug":"the-memory-stock-cycle-of-boom-bust-repeat-is-over-executives-say","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/341704\/","title":{"rendered":"The memory stock cycle of boom-bust-repeat is over, executives say"},"content":{"rendered":"

\"Memory<\/p>\n

The artificial intelligence<\/a> spending blitz has the memory<\/a> industry dancing to a new tune.<\/p>\n

Shares of Micron<\/a> are up more than 370% over the past year, while Sandisk<\/a>, which only listed in February of last year, is up more than 1100%.<\/p>\n

For decades, memory stocks were stuck in a trader’s game, a boom-bust-repeat pattern, but executives now say that AI has structurally broken the old cycle, and prices are showing no signs of coming down.<\/p>\n

“We will continue to raise prices because the industry will continue to raise prices,” HPE<\/a> CEO Antonio Neri told CNBC. “There is not enough supply for demand.”<\/p>\n

An executive at hard drive maker Seagate<\/a> told the South China Morning Post on Tuesday that memory price hikes<\/a> are likely to become “the new normal” for the next few years. <\/p>\n

South Korea’s SK Hynix<\/a>, one of the biggest producers of memory in the world, told CNBC that the entire memory industry is undergoing structural change.<\/p>\n

“The company’s customers, including hyperscalers, have increasingly preferred long-term contracts over the one-year agreements that were more common in the past,” a spokesperson said in a statement.<\/p>\n

Micron told CNBC that customers are now more than willing to sign long-term supply agreements to lock-in memory for years. <\/p>\n

Broadcom<\/a> CEO Hock Tan said on his company’s earnings call last week that he’s locked in supply all the way through 2028. <\/p>\n

Today’s AI workloads require a fundamentally different and far more memory-intensive architecture than anything the industry was built to support before.<\/p>\n

Meta<\/a> announced a new in-house AI chip on Wednesday and also noted concerns about access to the high-bandwidth memory it needs.<\/p>\n

“We’re absolutely worried about HBM supply<\/a>,” Meta Vice President of Engineering Yee Jiun Song told CNBC. “But we think that we have secured our supply for what we’re planning to build out.”<\/p>\n

As hyperscalers crowd out consumer supply and with no meaningful relief coming until 2027 at the earliest, the AI buildout may have pushed memory into a new era.<\/p>\n

\"HowChoose CNBC as your preferred source on Google and never miss a moment from the most trusted name in business news.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"The artificial intelligence spending blitz has the memory industry dancing to a new tune. Shares of Micron are…\n","protected":false},"author":2,"featured_media":341705,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[20],"tags":[220,156433,218,219,726,1676,122,38273,37001,61,206,60,138658,138657,1677,11143,74576,9203,40099,541,144052,80,9202],"class_list":["post-341704","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-ai","tag-antonio-neri","tag-artificial-intelligence","tag-artificialintelligence","tag-breaking-news-technology","tag-broadcom-inc","tag-business-news","tag-enterprise","tag-hewlett-packard-enterprise-co","tag-ie","tag-internet","tag-ireland","tag-ishares-semiconductor-etf","tag-marvell-technology-inc","tag-meta-platforms-inc","tag-micron-technology-inc","tag-sandisk-corp","tag-seagate-technology-holdings-plc","tag-sk-hynix-inc","tag-south-korea","tag-spdr-sp-semiconductors","tag-technology","tag-western-digital-corp"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/341704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=341704"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/341704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/341705"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=341704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=341704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=341704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}