Micron, SanDisk Lead Memory Chip Stocks Rally on Strong AI Demand

Memory-chip stocks surged Friday as investors returned to semiconductor names, with Micron Technology gaining about 4% and SanDisk rising more than 5% on continued AI-driven demand. The rally was fueled by Broadcom's strong AI semiconductor revenue of $16.7 billion (up 221% YoY) and Dell Technologies' $95 billion AI-server backlog, though Broadcom's Q4 forecast fell below expectations.

Why it matters: Analysts note that easing Treasury yields and robust DRAM/NAND demand remain supportive for memory suppliers despite recent semiconductor volatility.