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Memory stocks like SanDisk, Micron, Seagate and more are rallying by double-digits Thursday.
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Micron CEO Sanjay Mehrotra states that AI infrastructure demand has fundamentally changed the memory industry from cyclical to structural growth. Data center memory demand exceeds supply by 50%, with additional demand from autonomous vehicles and edge AI devices. Recent memory stock sell-offs present attractive buying opportunities as the sector is poised for long-term growth.
Read original at the-motley-foolSanDisk (SNDK) stock is up almost 3% on strong market sentiment and an optimistic outlook for the AI-driven memory cycle.
Read original at benzingaSandisk (SNDK) dips 5% premarket. With key support at $1,485 and resistance at $1,696, watch where traders step in next.
Read original at benzingaHere's why top memory stocks like SanDisk, Micron, and Western Digital are still cheap despite elevated cyclical and AI bubble worries.
Read original at benzingaMicron Technology stock declined on Thursday amid profit-taking, Nvidia's margin disclosures, and potential U.S. chip tariffs.
Read original at benzingaIf Nvidia were to reach that level from its current price of around $226, its market capitalization would climb to about $12.5 trillion.
Read original at benzinga