Memory Stocks Explode: SanDisk +14%, SK Hynix +14% — Can July 29 Earnings Extend the Rally?
Memory stocks led the U.S. equity rebound, with SanDisk (SNDK) surging 14.27%, SK Hynix (SKHY) ADR +13.75%, Micron (MU) +12.17%, Western Digital (WDC) +12%, and memory ETF (DRAM) +11%. Morgan Stanley forecasts a 25% spike in memory prices, with HBM, DRAM, and NAND price trends underpinning the rally; semiconductor ETFs absorbed over $2.1 billion in a single session. SK Hynix reports July 29 — if results confirm the memory upcycle, can the sector's advance broaden further, and which do you prefer: Micron, SK Hynix, or SanDisk?
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