Memory and storage stocks like SK Hynix, SanDisk, Western Digital, and Micron surged between 4% and 8% due to tight supply and growing AI-driven demand. Temasek's planned investments in Samsung and SK Hynix, Micron's forecast of even tighter supply in 2027, and Intel's comments on memory shortages fueled the rally. Despite strong gains and revenue growth, valuations remain modest, with P/E ratios in the high teens to low 20s. Investors are watching if these gains hold and anticipate Micron's upcoming fiscal Q4 2026 report for further direction.
The KOSPI index surged 2.41% on Friday, ending a seven-week losing streak with an 11.5% gain for the week, driven by strong performances in memory chip stocks like SK Hynix and Samsung Electronics. The rally was sparked by SanDisk's Investor Day, whe...
Sandisk shares rose 7% following a strong 14% gain the previous day, driven by bullish analyst price target resets and a $14 billion share buyback authorization. This surge is part of a broader rally in the global memory sector, supported by South Ko...
SanDisk received an "Outperform" rating from Evercore ISI, driven by its optimistic financial outlook and rising AI storage demand. The company projects mid-to-high teens revenue growth from 2028 to 2030, supported by its new long-term financial mode...
Memory and storage stocks surged Thursday, led by SanDisk up 15%, SK Hynix up 9%, and Western Digital up 7%, driven by optimism around AI infrastructure and strong earnings. The rally began in Seoul with a 4% Kospi gain, boosting SK Hynix and Samsung...
Memory and storage stocks surged Thursday following strong earnings reports across the sector. Sandisk shares jumped 16% after reporting Q4 FY2026 non-GAAP EPS and revenue well above expectations, driven by a 437% YoY datacenter revenue increase. Mic...
