Micron, SanDisk, and SK Hynix Just Had Their Best Day in Weeks and Here Is Why
TLDR
- Micron rose 6.1%, SanDisk jumped 11.9%, and SK Hynix gained 8.1% on Friday in a broad memory sector rebound
- Strong AI data centre demand and tight supply of HBM and NAND are keeping memory prices firm
- Micron has reportedly sold out its most advanced memory lines through the end of 2026
- UBS raised its HBM average selling price growth forecast to 79% year on year, up from 67%
- Lynx Equity issued bullish price targets of $1,325 for Micron and $2,450 for SanDisk, citing a multi-year memory shortage
Memory stocks staged a sharp comeback on Friday, with Micron, SanDisk, and SK Hynix all posting large gains after weeks of declines.
Micron finished up 6.1%, SanDisk surged 11.9%, and SK Hynix gained 8.1%. Western Digital also climbed around 6%. The Roundhill Memory ETF closed 6.6% higher, showing the buying was broad across the sector.
The rally came as investors rotated back into memory and data storage names on the back of strong AI hardware demand and tight supply conditions.
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