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Sandisk (SNDK) slips 6% in premarket trading. Discover key technical support levels, RSI metrics, and wall street analyst price targets.
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With September historically being the worst month for stocks and midterm election years amplifying market pullbacks, the article recommends two memory stocks—Micron Technology and Sandisk—as potential buying opportunities on a dip. Both companies are benefiting from AI infrastructure demand for memory chips and are trading at low valuations despite strong growth prospects.
SK Hynix and Intel are exploring U.S. memory chip production as demand for DRAM and high-bandwidth memory surges. Here are the ETFs to watch.
SK Hynix is expanding its U.S. AI memory footprint, following Samsung’s manufacturing precedent as HBM demand accelerates.
Netlist (NLST) reported exceptional Q2 2026 results with revenue surging 163% to $109.8M and gross profit jumping 1,544% to $22.9M, driven by strong DRAM resale demand and constrained supply. The company's Lightning product line gained market traction, and management expects Q3 product revenue to remain near Q2 levels. Competitors SanDisk and Micron are also benefiting from AI-driven demand for memory and storage products.
Intel stock surged 4.03% to $101.05 on reports of potential manufacturing talks with SK Hynix to produce memory chips domestically in the U.S. for the first time. Multiple analyst target raises, including Melius Research's $165 price target and potential $200 upside in two years, also drove the gain. The deal could strengthen Intel's foundry business and attract high-profile customers amid growing AI demand.
Marvell Technology stock surged up to 5.4% following reports of a potential deal between SK Hynix and Intel to manufacture memory chips in the U.S. for the first time. As a partner of SK Hynix working on data transfer acceleration, Marvell benefits from any steps to ease the memory chip shortage bottleneck in AI. While Marvell trades at a premium valuation of 34x next year's earnings, its record revenue and accelerating growth support the positive momentum.