TradingKey – Positive SanDisk news ignites memory sector as Micron surges toward critical $1,000 mark.

On August 14 Eastern Time, Micron Technology (MU) continued its rebound, gaining 1.75% in overnight trading to temporarily trade at $966.42. Yesterday, catalyzed by positive guidance from SanDisk (SNDK), memory stocks broadly rallied, with SK Hynix (SKHY) and Western Digital (WDC) both jumping over 7%, Seagate Technology (STX) rising nearly 5%, and Micron advancing over 4%.

On August 13, SanDisk unveiled a strong long-term financial model at its 2026 Investor Day, projecting revenue to sustain mid-to-high double-digit growth from FY2028 to FY2030 and committing to return 100% of remaining cash to shareholders. This move not only sparked…