Just caught the memory chip rally from earlier this year - SanDisk absolutely popped off with a 27% jump to nearly $350, hitting all-time highs. Micron followed suit climbing 10% as well. Seems like investors were all in on storage and memory stocks tied to the AI boom. The whole memory chip sector was moving hard that day. According to TrendForce's report at the time, NAND flash prices were expected to jump 33-38% in the following quarter with DRAM climbing even more at 55-60%. Pretty wild contract price increases. The thing is, while the memory chip market looked poised for solid growth, the report flagged that valuations were already pretty stretched. Makes you wonder how much of that upside was already priced in by the time these stocks hit those record levels.

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