Memory Stocks Surge as Shortage Is Expected to Worsen
Market Intelligence Analysis
AI-PoweredMemory stocks such as Sandisk, Seagate, Western Digital, and Micron experienced significant gains due to a projected shortage and price increase in NAND flash memory, according to Trendforce's report.
Market impact analysis based on bullish sentiment with 90% confidence.
Article Context
Sandisk, a maker of NAND flash memory, surged nearly 28% by the closing bell while hard-drive makers Seagate and Western Digital jumped 14% and 17% respectively. Micron, which produces primarily DRAM memory chips, shot up 10%. In a report Monday, market research firm Trendforce projected that contact prices for NAND flash memory will jump 30%-35% just in the first quarter of this year.
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