Micron and Sandisk stocks are soaring today, but the stunning memory chip rally could mean bad news for you

The prices of memory chip stocks are once again on the rise as a global shortage in random access memory (RAM) continues. Over the past five days alone, the share prices of the four largest memory makers traded on U.S. markets have risen significantly. And today, those same stocks are off to another good start. Here’s what you need to know. Why is there a memory shortage? Since the latter half of 2025, analysts and industry insiders have warned of a looming memory chip shortage coming in 2026—and it’s one of the few tech predictions that have been right. This year, the world is in a full-blown memory crisis. There isn’t enough computer memory to go around, and that scarcity is leading to surging demand—and surging RAM prices. The driving force behind the memory chip shortage is artificial intelligence. But not the AI itself. Rather, the hardware companies need to run their AI systems. An artificial intelligence system like ChatGPT or Google’s Gemini requires massive data centers to run