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Micron shares rose 6% to $880, SK Hynix rose 4% to $148, and SanDisk rose 8% to $1393, as Wall Street raised AI memory price targets
Memory and storage chip stocks generally rose in early trading on Tuesday, after Sandisk and Hynix released the first High Bandwidth Flash (HBF) industry standard, which is expected to expand the addressable market for AI memory. Several Wall Street institutions raised their target prices for related companies, with RBC Capital Markets rating Hynix as "Outperform" with a target price of $200. In addition, Micron's latest quarterly revenue increased by 345.7% year-on-year to $41.46 billion, and Sandisk's data center business revenue increased by 645% year-on-year to $1.47 billion, indicating that NAND flash is transforming from a commodity to a critical asset for AI.
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Source：Yahoo财经 · Source Link
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