SanDisk Rebounds 5%, Western Digital Gains 5%, Micron Climbs 3% as UBS, Citi, BofA Turn Bullish on Memory

Quick Read

• Shares of SanDisk, Western Digital, and Micron rebounded Monday aft UBS lifted DRAM pricing forecasts and BofA called Thursday's 14% SNDK driblet a steadfast reset.

• Seagate and the Roundhill Memory ETF besides joined the rebound, with Micron's Q4 gross guidance of $50 cardinal signaling beardown underlying fundamentals.

• Michael Burry holds a abbreviated against Micron connected a bubble thesis, portion Samsung's Tuesday net could validate oregon crush the bullish pricing case.

• Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

Memory names are ripping higher successful aboriginal Monday trading. SanDisk (NASDAQ:SNDK) banal is up 5% to $1,836, Western Digital (NASDAQ:WDC) shares are up 5% to $565.33, and Micron Technology (NASDAQ:MU) banal is up 3% to $1,008.77.

The bounce comes aft a brutal Thursday session, erstwhile SanDisk shares fell 14%, Western Digital shares dropped 10%, and Micron banal slid 5.5%. Friday was a marketplace holiday, making today's league the archetypal accidental for buyers to respond to a question of bullish expert notes.

Analyst Upgrades Reset the Narrative

UBS expert Nicolas Gaudois lifted Double Data Rate (DDR) contract-pricing forecasts to +32% 4th implicit 4th successful Q3 2026 (from +17%) and +18% successful Q4 (from +12%). UBS sees the DRAM marketplace undersupplied "until astatine slightest 2Q28" and framed the pullback arsenic "likely temporary."

Citi added Micron to its 90-day upside catalyst-watch and raised mean selling terms maturation estimates, citing stronger AI demand. Bank of America expert Vivek Arya reiterated a Buy connected Micron banal with a $1,550 terms target, arguing representation is present 35-40% of unreality AI capex "yet representation stocks commercialized astatine sub-par 10x guardant PE." Arya called Thursday's determination "a steadfast reset, not a structural alteration successful AI demand."

Thursday's selloff followed a study from The Information that AI startup Anthropic was successful talks with Samsung to plan and manufacture customized AI chips, which traders work arsenic a imaginable setback for U.S. representation makers. The study described lone preliminary talks.

Act now: the expert who called NVIDIA successful 2010 conscionable named his apical 10 AI stocks — and Micron Technology didn't marque the cut. Grab the names FREE today.

SanDisk and Seagate Join the Rebound

The determination is spreading crossed retention and memory. Seagate Technology (NASDAQ:STX) shares are besides higher, participating successful the bounce aft Thursday's decline. The Roundhill Memory ETF (CBOE:DRAM) is likewise rebounding.