Why Sandisk Stock Was Soaring Today
Source: Motley Fool
2026-04-01 14:05:23 ET
Shares of Sandisk (NASDAQ: SNDK) were moving higher today after the maker of flash memory products gained in sympathy with memory chip leader Micron (NASDAQ: MU) , which bounced back after a bullish note from Cantor Fitzgerald this morning.
That set off something of a relief rally in the memory sector, which had been pounded in recent days after Alphabet revealed its new TurboQuant algorithm that can purportedly cut storage requirements, threatening memory chipmakers.
As a result of the broader upswing in the stock market and the Cantor note, Sandisk was up 11.3% as of 12:55 p.m. ET, and Micron had gained 11.4%.
Micron Technology Inc.
NASDAQ: MU
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MU Stock Data
$421,610,141,624
1,114,254,168
0.05%
1468
N/A
Semiconductors and Equipment
Technology
US
Boise
