Memory stocks are doing what Cisco did in March 2000. History is flashing a warning.

Micron is up roughly 1,114% from its April 2025 intraday low and SanDisk is up 5,503%, and every major memory-and-storage name in the AI-infrastructure complex (MU, SNDK, WDC, STX) now trades 13% to 60% above the mean Wall Street price target.1