Micron Says Memory Supply Will Be Much Tighter in 2028. Sandisk's Contracts Limit How Much It Can Gain.
A longer shortage seems like great news for the flash memory specialist. Why did the stock hardly move?
Overview
Sandisk (NASDAQ:SNDK) is still the top-performing stock in the S&P 500 (SNPINDEX:^GSPC) this year. Shares of the flash memory business traded near $1,730 as I write, up about 629% from their $237 close at the end of 2025. Moderna is second, up about 571%.
The lead has been narrowing, though. Sandisk dropped about 23% in the third quarter, from roughly $2,274 on June 30 to around $1,740 on Sept. 30. It was the stock's first quarterly decline since the second quarter of 2025.
Details
Then Micron Technology (NASDAQ:MU) shared what seemed like more good news. In prepared remarks for Micron's Sept. 30 earnings call, CEO Sanjay Mehrotra said the company expects memory and storage supply-demand conditions to be "much tighter" than in 2026, in both 2027 and 2028.
Source
Originally published at www.fool.com.