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SanDisk and Western Digital stocks surge on Apple CEO's warning of rising memory chip costs.

Market News
18 Jun 2026
24/7 Wall Street
View Source
Bullish
pluang ai news

SanDisk and Western Digital shares jumped significantly after Apple CEO Tim Cook stated that rising memory and storage chip costs are forcing price increases on Apple products. This signals strong pricing power for memory suppliers like SanDisk and Western Digital, supported by their recent strong earnings and growing demand driven by AI workloads. The stocks have seen huge gains this year, but some investors warn of a potential price bubble. Upcoming earnings reports will be key to watch for further guidance on memory pricing trends.

More News (WDC)

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