SK Hynix is bringing one of the biggest memory deals in years to Nasdaq, with plans to raise close to $29 billion through American Depositary Receipts tied to its DRAM and high‑bandwidth memory franchise.
Western Digital (WDC) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Recent intraday volatility wiped $137 billion across top memory equities, triggering premature retail investor panic over an impending artificial intelligence (AI) hardware supply glut. The brutal sell-off hit the semiconductor sector after an extended run, prompting many market participants to question whether the memory boom had stretched too far and too fast.
Memory names are ripping higher in early Monday trading. SanDisk (NASDAQ:SNDK | SNDK Price Prediction) stock is up 5% to $1,836, Western Digital (NASDAQ:WDC) shares are up 5% to $565.33, and Micron Technology (NASDAQ:MU) stock is up 3% to $1,008.77.
The memory giant SanDisk (NASDAQ: SNDK) has been on a relentless rally since getting spun off from Western Digital (NASDAQ: WDC) in early 2025 and is among the top-performing stocks in the last 12 months.