SanDisk Stock Climbs Over 6% on DRAM ETF Surge and SpaceX IPO
SNDK•SanDisk shares rose 6.5% during a sector-wide DRAM rally that lifted the Roundhill Memory ETF by 9.3% after a U.S.-Iran peace deal. The stock also gained 6.6% following SpaceX’s $75 billion IPO, as analysts forecast substantial semiconductor and AI chip spending benefits for memory suppliers.
1. DRAM Sector Rally Boosts SanDisk
SanDisk stock advanced 6.5% as memory-chip shares rallied on renewed optimism following a U.S.-Iran peace deal, driving the Roundhill Memory ETF up 9.3%. Retail sentiment on DRAM shifted to neutral from bearish while SanDisk maintained a bullish stance among investors.
2. SpaceX IPO Tailwinds Lift Memory Suppliers
SanDisk shares climbed 6.6% after SpaceX’s $75 billion IPO and capital raise, with analysts forecasting significant semiconductor and AI chip spending by SpaceX benefiting memory suppliers. Despite trading at a 23x sales multiple, SanDisk remains roughly five times cheaper than SpaceX on a comparable valuation basis.
