The Memory Shortage Is Minting Winners. 3 Stocks Not Named Micron That Could Cash In.

The representation marketplace is successful the grip of what whitethorn beryllium its worst proviso shortage ever. Contract prices for accepted DRAM soared arsenic overmuch arsenic 95% successful the archetypal 4th of 2026, and NAND flash prices person jumped sharply 4th aft quarter, each due to the fact that the artificial quality (AI) build-out is devouring each spot the manufacture tin make.

When investors look for a mode to play this tailwind, they usually scope for Micron Technology (NASDAQ: MU). But Micron is acold from the lone winner.

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Three different retention companies -- SanDisk (NASDAQ: SNDK), Western Digital (NASDAQ: WDC), and Seagate Technology (NASDAQ: STX) -- are cashing successful too, and their latest results amusement conscionable however much. But which 1 has the cleanest vulnerability to the shortage, and the longest runway, arsenic prices support climbing?

SanDisk: closest to the shortage

Of the three, SanDisk has the astir nonstop vulnerability to the squeeze. It makes NAND flash, the chips wrong the solid-state drives whose prices are spiking -- and the numbers it posted successful its latest 4th are staggering.

SanDisk's fiscal third-quarter gross (the play ended April 3, 2026) reached $5.95 billion, up 97% from the anterior 4th and 251% from a twelvemonth earlier. The information halfway concern led the way, with gross tripling -- up 233% sequentially to $1.47 billion, astir a 4th of the company's total. Higher prices fell astir consecutive to the bottommost line, pushing non-GAAP (adjusted) gross borderline to astir 78%, and SanDisk threw disconnected astir $3 cardinal successful escaped currency travel during the quarter.

What makes the runway unusually durable for a NAND shaper is however SanDisk is present selling, locking customers into multiyear deals.

"We are besides advancing to a caller concern exemplary built connected multi-year lawsuit engagements backed by steadfast fiscal commitments," said SanDisk CEO David Goeckeler successful the company's fiscal third-quarter net release.

At astir 75 times earnings, the banal looks expensive. But trailing net hardly seizure the surge, with absorption guiding for $30 to $33 successful adjusted net per stock successful the fiscal 4th fourth unsocial -- a immense quarterly fig for a banal that is trading astatine $2,200 arsenic of this writing.

The drawback is that these are cyclical-peak profits, and the banal has already soared much than 800% successful 2026 arsenic of this writing.