Memory Stocks Open Flat And Then Soar: Micron Up 6%, SK Hynix 8%, SanDisk Up 15%. Here's What's Driving the Move.
SanDisk said eight New Business Model deals support its goal of sustaining about 80% non-GAAP gross margins through fiscal 2030.
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Memory Stocks Open Flat And Then Soar: Micron Up 6%, SK Hynix 8%, SanDisk Up 15%. Here's What's Driving the Move.
One company's investor day just ignited a sector-wide rally, and the reason why has Wall Street rethinking everything it assumed about memory chip economics.
The US stock market closed lower after today's consumer data lowered morale. Memory companies Sandisk and Micron raised new buy recommendations.
Micron Technology's stock performance this week has been quite impressive, but a closer look reveals that the driving force behind the surge is not positive news from the company itself. On Thursday, Micron's stock climbed approximately 6%, marking its third consecutive day of gains, with a year-to-date increase of about 200%. However, the catalyst for this rally was its competitor, SanDisk—whose ambitious targets announced at its investor day i…
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