SanDisk Shares Up 3.3% in Premarket on Memory Sector Rebound
SNDK•SanDisk shares rose 3.3% in premarket trading as memory chip stocks rebounded following U.S.-Iran tensions, reversing an 18% pullback from last week’s peak. Retail sentiment on SanDisk remains bearish even as SK Hynix announces plans to triple wafer capacity by 2034.
1. Premarket Trading Rebound
SanDisk shares jumped 3.3% in early Thursday trading, leading memory chip gains alongside Micron’s 3.6% rise and Western Digital’s 2.6% advance as U.S. strikes on Iranian targets eased recent geopolitical jitters.
2. Retail Sentiment Remains Bearish
Despite the rebound, retail investors maintain a bearish stance on SanDisk stock, contrasting with neutral sentiment for DRAM and Micron and extremely bearish views on some peers.
3. SK Hynix Capacity Expansion Outlook
SK Hynix plans to double wafer capacity within five years and ultimately triple output by 2034 to meet surging DRAM demand, highlighting the long-term growth drivers for memory chip suppliers like SanDisk.
