Dan Ives is Bullish on Memory Stocks: ‘It's Their World and Everyone Else is Paying Rent'

Tech analyst Dan Ives has praise for the memory sector as demand continues to outpace supply. Memory Stock Trade The Roundhill Memory ETF (BATS: DRAM ) and memory stocks like Micron Technology Inc (NASDAQ: MU ) have seen strong interest and demand from investors in recent months. That trend is likely to continue, according to Yorkville Ives Senior Managing Director Dan Ives . "There’s no way around it," Ives told CNBC . The former Wedbush analyst said when it comes to the AI revolution, the ratio of demand to supply for memory is around 15 to 1. Companies such as Apple are having to pay more for memory with demand and prices up, Ives added. "Memory players, right now it’s their world and everyone else is paying rent." Ives says there will continue to be ebbs and flows …