AI Stocks Rally as SK Hynix Jumps 11%, Micron and Sandisk Gain 4%

Semiconductor stocks in focus after SK Hynix results; Micron, Nvidia top Quant list (SMH:NASDAQ)

AI and memory chip stocks rose after SK Hynix earnings.

SK Hynix Jumps 8% After a 632% Profit Surge and a $45 Billion Shareholder Pledge. Micron and SanDisk Are Riding Along.

SK Hynix shattered profit records overnight, and the ripple hit Micron, SanDisk, and Western Digital before US markets opened. Whether this premarket surge marks a genuine memory recovery or just a 60 trillion won promise doing heavy lifting is the question every memory investor needs to answer before October 29.

AI stocks rally as SK Hynix jumps 11%, Micron and Sandisk gain 4%

South Korean chipmakers led a broader AI recovery after SK Hynix reported a sevenfold profit surge and announced another $45 billion in shareholder returns.

Sandisk SNDK Stock: $1,305 Day Before Results, Bear $1,150

Updated 28 October 2026. Sandisk (NASDAQ: SNDK) closed Tuesday at $1,304.84, up $49.26 or 3.92 percent, and was indicated at $1,354.00 before Wednesday's open, up another 3.77 percent (StockAnalysis, 9:08 am EDT). Fiscal Q1 FY27 results arrive Thursday 29 October after the close. Verdict: the read-through Sandisk was waiting for is now out. SK hynix reported an 80 percent operating margin and said NAND prices rose at a mid-20s percentage rate qu…

Micron Stock Pops as Rival SK Hynix Fuels AI Frenzy With Two Bombshells

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