Memory companies are poised to grow impressively due to artificial intelligence (AI)-fueled demand, and this fund helps them capitalize on this rapidly growing market.
MarketBeat's weekly roundup covers a weaker June jobs report, tech sector rotation, and top analyst picks including TSLA, AVGO, PLTR, MRNA, and NEE heading into Q2 earnings season.
Sandisk Corporation (Nasdaq: SNDK) today announced it is sampling its BiCS10 1Tb TLC, its 10th-generation 3D NAND flash memory technology. BiCS10 applies advanced lateral scaling techniques to achieve industry-leading 1Tb TLC memory density greater than 29Gb/mm2, improving bit density by 59 percent while delivering up to 4.8Gb/s** interface speed, a 33 percent improvement compared with 8th generation 3D flash memory currently in mass production.
SNDK shares have swung sharply in recent weeks, but repeated strong rebounds and a Bank of America price target raise to $2,500 signal sustained buyer demand.
SanDisk Corp. (NASDAQ:SNDK) stock declined on Thursday due to a sector-wide profit-taking rotation into AI software and potential risks from Chinese memory supply.
Despite a $2.7 trillion semiconductor selloff, the memory chip rally remains intact, with Micron up over 200% YTD and the Roundhill Memory ETF gaining 130% since its April launch.
