AI Memory Boom or Bubble? | Raleigh News

Jim Cramer’s spotlight on memory chip giants Micron, SanDisk, Seagate, and Western Digital reveals a wild rally fueled by the AI boom—stocks up 200-600% this year. With AI data centers projected to consume 70% of global memory chips and companies like Micron locking in future supply with $22 billion, the demand is real. Even George Soros is betting big, and Micron’s stock hit $1,000 again—though skeptics warn this cyclical sector could crash if AI hype fades. The catch? Much of the AI spending is financed by debt, with Nvidia mobilizing $500B in loans, raising red flags among investors like Michael Burry. Meanwhile, public backlash grows—71% oppose nearby AI data centers—while Bank of America sees the dip as a buying opportunity.

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