The memory stock cycle of boom-bust-repeat is over, executives say

The artificial intelligence spending blitz has the memory industry dancing to a new tune.Shares of Micron are up more than 370% over the past year, while Sandisk, which only listed in February of last year, is up more than 1100%.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."We will continue to raise prices because the industry will continue to raise pr ...