Those planning to upgrade their PlayStation 5 may encounter problems as the solid-state drive (SSD) upgrades for the console are also seeing the price hikes felt all over the industry due to the global RAM shortage.

SanDisk (NASDAQ:SNDK | SNDK Price Prediction) stock is surging in Thursday trading, up 11% to $2,170. Western Digital (NASDAQ:WDC) stock is also flying, up 7% to roughly $764. The catalyst landed before the open and hit memory and storage names broadly.

Demand for memory chips will continue to outpace supply in the near term despite efforts to add manufacturing capacity, an analyst says.

The memory shortage is hitting the gaming sphere, with Sandisk's (SNDK) PlayStation 5 storage SSD costing nearly $3,000. Yahoo Finance Technology Editor Dan Howley breaks down the details.

SK Hynix confirms it has delivered its first HBM4E samples to its partners, marking the first delivery of next-gen data center components.

MEXT’s Predictive Memory is a software-only solution that makes flash appear as DRAM to the operating system. Its AI-powered predictive memory technology is designed to help expand usable memory capacity while maintaining the performance and efficiency of flash storage, the company claims.

Apple's Tim Cook said price increases are coming to offset soaring memory costs, sparking a fresh rally in share of Mircon, Sandisk, and others.