SanDisk, spun off from Western Digital in early 2025, has seen its stock surge 4,050% in less than a year, outpacing Western Digital's 1,077% rally. This remarkable growth has made SanDisk's market value about $231 billion, exceeding Western Digital's $179 billion by over $50 billion. The surge reflects strong investor demand for memory and storage tied to AI infrastructure, positioning SanDisk as a high-leverage play on next-gen computing rather than a legacy storage firm. This shift challenges traditional spin-off expectations, with SanDisk becoming the dominant company in the relationship.
Shares of Micron Technology, SanDisk, and Western Digital fell 6-7% following a recent surge driven by strong earnings and AI demand optimism. The pullback is attributed to profit-taking after significant price gains, a selloff in Asian memory chip m...
Dell Technologies shares dropped 6% despite strong gains in memory and storage stocks like Western Digital, which rose 5%. The divergence highlights the impact of rising memory prices: Western Digital benefits from increased demand and pricing power ...
Micron Technology's shares surged 17% after reporting a record fiscal Q3 with $41.5 billion revenue and an 85% gross margin, driven by $100 billion in multi-year AI memory contracts. This strong performance lifted peers SanDisk and Western Digital, h...
The Nasdaq Composite fell 1.4%, losing about $680 billion in market value due to a sharp selloff in semiconductor stocks, which dropped 6.3%, led by memory chipmakers. This decline reflects investors unwinding crowded AI-related trades amid expectati...
Shares of memory chip companies SanDisk, Micron Technology, and Western Digital fell sharply by around 10-11% following a 10% drop in South Korea's Kospi index, which triggered a global selloff in AI-driven data-center stocks. The selloff appears to ...
