SanDisk Surges 8%, Micron Gains 5% Amid NAND Pricing Momentum
Memory and storage stocks, including SanDisk (NASDAQ:SNDK) and Micron Technology (NASDAQ:MU), are rising sharply on Friday amid continued strength in the NAND pricing cycle. SanDisk surged 8% to $1,686, extending a year-to-date gain of over 555%, while Micron rose 5%. The broader market is down slightly as memory names lead gains. Sector momentum appears driven by macroeconomic factors and ongoing supply constraints rather than company-specific news. SanDisk reported strong Q4 results in August with $8.96 billion in revenue, a 371.6% year-over-year increase, and an impressive gross margin of 84.6%. The firm also raised its first-quarter guidance above the previous quarter’s performance. Micron highlighted that tight NAND and DRAM supply is expected to persist beyond 2027, reinforcing bullish sentiment in the sector. Western Digital (NASDAQ:WDC) reported blended storage prices rising into the high teens year-over-year, further supporting a view of sustained pricing power across memory and storage providers. Analysts suggest that strong earnings and cash generation from these firms are helping them outperform amid shifting rate expectations.
Topics: memory_sector nand_memory stock_prices