Memory and Storage Stocks Rally as Micron's Strong Results Support AI Spending Narrative
Memory and storage stocks, including Sandisk (SNDK) and Western Digital (WDC), surged following strong quarterly results from Micron Technology (MU). The rally was driven by renewed confidence in capital spending on artificial intelligence. Qualcomm (QCOM) also rose while rival Nvidia (NVDA) dipped after a revenue forecast.
Tickers: $AMAT $MU $NVDA $QCOM $SNDK $SOXX $WDC $XLK