SanDisk and Western Digital Rise After Apple Signals Memory Price Increases
Apple CEO Tim Cook stated that rising memory costs are 'unavoidable,' leading to gains in SanDisk (SNDK) and Western Digital (WDC). The comments confirmed pricing power for suppliers, boosting the DRAM ETF by 10%. Both stocks have seen significant year-to-date increases.
Topics: Apple supply chain memory pricing SanDisk stock surge Western Digital rally