Prediction: This Artificial Intelligence (AI) Chip Stock Will Soar After Sept. 30 (Hint: It's Not Micron)

One of the most talked-about themes in artificial intelligence (AI) right now is the memory supercycle. It is the entire reason why Sandisk (NASDAQ: SNDK) and Micron Technology (NASDAQ: MU) trade like they are glued together.

One company is the NAND flash specialist that came out of a spinoff from Western Digital, while the other is the DRAM and high bandwidth memory (HBM) heavyweight.

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Together, Sandisk and Micron sit on opposite sides of the same coin: storage that holds data and memory that feeds GPUs. When one reports a blowout quarter, the other tends to follow. That is why Micron's earnings on Sept. 30 matter for Sandisk investors. A strong print would not just lift Micron stock; it would confirm that the memory trade still has room to run.

Sandisk already showed the memory boom is intact on the NAND side

Sandisk just finished its first full year as a stand-alone public company. Frankly, the numbers look slightly unreal.