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 Korea's Kospi index entering a bull market and strong multiyear contracts Sandisk secured with major data center clients. Other memory stocks like Western Digital, Micron, and SK Hynix also saw gains. Investors will watch if the Kospi holds its level through Korea's holiday weekend and if the rally in flash memory stocks sustains in the U.S. session.
Micron Technology's stock has surged 256% in 2026, driven by record DRAM prices and strong AI datacenter memory demand. The company reported fiscal Q3 2026 revenue of $41.46 billion, with high gross margins and free cash flow, and expects even higher...
SK Hynix shares rose 7% and Seagate climbed 5% on a strong buying wave across the memory and storage sector, even as the broader market declined. The Roundhill Memory ETF gained 5%, highlighting growing demand for high-bandwidth memory used in AI and...
SanDisk's stock rose 8% alongside gains in Micron and Western Digital, driven by strong NAND memory pricing and solid earnings reports. Despite a broader market decline and rising interest rate expectations, memory and storage stocks rally due to con...
