The memory industry's soaring revenue should ensure that the red-hot rally of these stocks continues.

Micron is expected to report 148% revenue growth for the February quarter as average selling prices surge 32% quarter over quarter. The memory provider's stock has soared thanks to a shortage brought ...

Artificial intelligence is turning the semiconductor industry upside down. For years, memory chips were treated like a commodity business — boom during shortages, bust during gluts, rinse and repeat.

Soaring prices for memory and storage components have turned companies like Sandisk Corp., Micron Technology Inc. and Western Digital Corp. into the hottest stocks in the market over the last year.

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Memory chips are a key component of artificial intelligence data centers. The boom in AI data center construction has caused a shortage of semiconductors, which are also crucial for electronics like ...