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SanDisk jumps 7% as memory stocks rebound after Kioxia's cautious outlook.

Market News
03 Nov 2026, 16:46 WIB
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Bullish
SanDisk jumps 7% as memory stocks rebound after Kioxia's cautious outlook.

SanDisk's stock surged 7% following a rebound in memory stocks after a selloff triggered by cautious profit guidance from Kioxia, its manufacturing partner. Despite the gain, SanDisk remains down 35% over the past month due to concerns over slowing NAND flash price increases. Apple’s comments on rising memory costs and SanDisk’s long-term contracts support optimism about demand, but investors remain cautious as the pricing cycle may be peaking. Upcoming earnings and market reactions will be key to watch.

SanDisk shares are up 5.20% on Pluang, trading at USD 1,130.99 as of Nov 03, 2026 22:02 WIB, reflecting a partial rebound in memory stocks. Micron and Western Digital also gained, rising 3.48% and 4.76% respectively, showing some recovery in the sector despite ongoing caution among investors.

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Micron and memory stocks fall after Kioxia's cautious outlook raises AI demand concerns

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