SanDisk Stock Recovers, but Technicals Point to a Ceiling Ahead
SanDisk stock closed at $1,791 on Friday, about 20% above its low earlier this week. Here why a technical pattern is pointing to a retreat
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China’s CXMT Says It Has Reached Advanced DRAM Mass Production, Challenging Samsung, SK Hynix and Micron in Memory Chips
China’s CXMT has begun mass-producing advanced fifth-generation DRAM, intensifying competition with Samsung, SK Hynix and Micron.
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Shares of memory- and storage-related chip companies are trading higher, possibly amid reports suggesting SK Hynix's subsidiary is considering building a NAND flash memory chip factory in the U.S. Also, reports suggest ChangXin Memory Technologies plans to establish a research-and-development production line for NAND flash memory.