TradingKey – Memory concept stocks continue their strong rally, with SanDisk leading gains by surging 6% to break through the $1,700 mark, hitting a one-month high.
On August 17 Eastern Time, memory chip stocks rose across the board in pre-market trading, with SanDisk (SNDK) performing the strongest, soaring about 6% to break through the $1,700 mark and set a new high since July 15. Meanwhile, Micron Technology (MU), SK Hynix (SKHY), and Western Digital (WDC) all rose about 4%, while Seagate Technology (STX) gained over 3%.
SanDisk stock price chart, Source: TradingView
Last Thursday (August 13), SanDisk released major positive news at its Investor Day, where management unveiled a financial blueprint targeting Non-GAAP gross margins of up…
