Micron and Sandisk stocks are surging again this week: 2 reasons why memory chip makers are on the rise

The AI data center building boom isn’t fueling just water shortage concerns and GPU-maker Nvidia’s coffers. It is now also firmly making memory chip makers and their investors significantly richer.

Yesterday, two of the largest memory makers, Micron Technology and Sandisk, saw their stock prices soar more than 11% in a single trading session.

And those gains are small potatoes compared to their five-day increases. But why is this happening? Here’s what you need to know.

What’s happened?