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Memory Stocks Rally Wednesday: SK Hynix, SanDisk, Micron All Jump. Here’s Why
24/7 Wall St.9h agobullish
Memory Stocks Rally Wednesday: SK Hynix, SanDisk, Micron All Jump. Here’s Why

Memory and storage names are ripping higher into Wednesday’s close. SanDisk (NASDAQ:SNDK) is up 6% to $1,344, while Micron Technology (NASDAQ:MU) has gained 5% to $911. South Korea’s SK Hynix (Nasdaq: SKHY) rallied alongside the group, closing the day up 9%, extending a global bid for memory. Neocloud Demand Signal Ignites the Group The primary ... Memory Stocks Rally Wednesday: SK Hynix, SanDisk, Micron All Jump. Here’s Why

Sandisk delivers quarterly revenue beat on strong AI data center demand
Proactive6d agobullish
Sandisk delivers quarterly revenue beat on strong AI data center demand

Sandisk (NASDAQ:SNDK) shares fell nearly 7% on Thursday after the data storage company issued fiscal first-quarter guidance that came in slightly below some elevated Wall Street expectations, overshadowing a quarterly earnings and revenue beat driven by demand from AI data centers. For the...

Investing.com6d agobullish
Paycom jumps premarket after earnings;  Data storage companies fall

Investing.com - U.S. stock index futures hovered around the flatline on Thursday as investors awaited developments over a potential agreement to reopen the Strait of Hormuz, while renewed concerns over the sustainability of the artificial intelligence spending boom pressured technology shares.