Micron, Western Digital, and Sandisk Surge on Memory Price Forecast
Memory stocks Micron (MU), Western Digital (WDC), and SanDisk (SNDK) surged over 12% in a single trading session following Morgan Stanley's forecast of rising memory prices driven by AI demand. The report indicated that shortages may persist through at least the end of 2028, reversing recent declines for these stocks.
Topics: AI_demand memory_chips stock_prices