Micron Stock Rises 6%, Outperforming Memory Peers Like SanDisk and Western Digital
Micron Technology (MU) is up 6% following a strong rebound after recent losses, driven by $5.28B in Cloud Memory revenue with a 66% gross margin. SanDisk (SNDK) rose 4%, reporting 251% year-over-year growth to $5.95B and a 78% gross margin, while Western Digital (WDC) remained flat as it transitions to pure HDD operations.
Topics: HBM demand memory stocks Micron Technology NAND positioning SanDisk Western Digital