Sandisk Jumps 8%, Micron Gains 6%, SK Hynix Climbs 4% as Wall Street Hikes Price Targets on AI Memory Boom Quick Read – SanDisk’s datacenter revenue surged 645% and Micron’s jumped 346% YoY, helping to fuel today’s 8% and 6% rallies after both stocks fell sharply last month. -…
C Capital initiated SK Hynix at Outperform with a $200 target as Seagate posted record fiscal 2026 free cash flow of $3.1 billion. – SanDisk and SK Hynix unveiled the first High Bandwidth Flash industry standard, a blueprint that could expand the AI memory addressable market across chip vendors. – Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Micron Technology didn’t make the cut. Grab the names FREE today
Memory and storage stocks are surging Tuesday morning, with SanDisk (NASDAQ:SNDK) leading a broad rebound across the group. SanDisk stock is up 8% to $1,393. Micron Technology shares are up 6% to $880, and SK Hynix shares are climbing 4% to $148.
The rally reaches well beyond the leaders. Western Digital (NASDAQ:WDC) shares are rising 3% to $542, Seagate Technology (NASDAQ:STX) shares are advancing 1% to $842, and the Roundhill Memory ETF is up 5% to $54. Meanwhile, the NASDAQ 100 is layering a broad risk-on bid onto the semiconductor complex.