Fast Learn
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SanDisk (SNDK) inventory surged 9% in noon buying and selling with the top off 3,852% over the previous 12 months, pushed by Q3 income of $5.95B (up 251% YoY) and gross margins of 78%.
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Western Digital (WDC) inventory rose 5%, with Q3 non-GAAP gross margin reaching 51% as HDDs seize persistent knowledge storage for all AI workload varieties.
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Micron Expertise (MU) inventory superior 3% as the corporate’s Cloud Reminiscence Enterprise Unit posted $5.284B in Q1 FY2026 income at 66% gross margin on sturdy HBM demand.
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The analyst who referred to as NVIDIA in 2010 simply named his high 10 shares and Micron Expertise wasn’t one in every of them. Get them here FREE.
Reminiscence shares are bouncing exhausting at noon on Thursday after a punishing week for the sector. SanDisk (NASDAQ:SNDK) shares are up 9%, Western Digital (NASDAQ:WDC) inventory is larger by 5%, and Micron Expertise (NASDAQ:MU) shares are advancing 3%.
The rebound follows a brutal 5 classes by which every of the three was down between 4% and 9%. SNDK inventory had slipped 4% over the previous week, WDC shares had dropped 7%, and MU inventory had given again 9% heading in.
The analyst who referred to as NVIDIA in 2010 simply named his high 10 shares and Micron Expertise wasn’t one in every of them. Get them here FREE.
The reversal is occurring inside one of many hottest AI-themed corners of the market. SanDisk inventory is up 3,852% over the previous 12 months, a unprecedented transfer tied to its NAND pure-play standing after splitting from Western Digital in 2025.
Reminiscence Commerce Reawakens After Tough Week
The catalyst is partly mechanical. Every identify had stretched decrease into Wednesday’s shut, and dip-buyers are stepping again in throughout the reminiscence advanced on a quieter macro tape, with SanDisk inventory main the transfer.
The elemental backdrop stays the identical story that has powered the group all 12 months. Excessive bandwidth reminiscence (HBM) for AI accelerators has been the dominant catalyst for Micron, with the corporate’s Cloud Reminiscence Enterprise Unit posting $5.284 billion in Q1 FY2026 income at a 66% gross margin.
SanDisk’s Q3 FY2026 print on April 30 reset expectations for the NAND aspect, with income of $5.95 billion up 251% 12 months over 12 months and gross margin of 78%. CEO David Goeckeler referred to as it “a elementary inflection level for Sandisk” pushed by datacenter combine shift.
Western Digital, the post-spinoff HDD pure-play, additionally crossed a milestone, with Q3 FY2026 non-GAAP gross margin reaching 51%. CEO Irving Tan asserted that “Nearly each AI workload, from coaching, inference, agentic AI to bodily AI, creates knowledge that’s saved persistently and cost-efficiently on HDDs.”
