Why Sandisk Stock Soared Today
Sandisk looks positioned to profit from DRAM demand -- even if it doesn't make DRAM at all!
Why Sandisk Stock Soared Today
Overview
Viewed from one angle, Micron (NASDAQ: MU) and Sandisk (NASDAQ: SNDK) stocks look like competitors, both making NAND flash memory and battling for market share there, even as Sandisk makes inroads into Micron's high-bandwidth memory (HBM) DRAM market by offering its own "high-bandwidth flash" as an alternative.
But that's just one angle.
Details
Viewed another way, Micron and Sandisk stocks seem joined at the hip, as when today, a new partnership and a pair of price target hikes for Micron stock immediately sent Sandisk stock up 4.7% through 11:50 a.m. ET.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
