---
title: "Memory stocks open flat and then soar: Micron up 6%, SK Hynix 8%, SanDisk up 15%. Here’s what’s driving the move"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295828517.md"
description: "Memory stocks surged, with SanDisk up 15% and Western Digital jumping 10%. The rally was driven by SanDisk's announcement of an 80% non-GAAP gross margin target through fiscal 2030, supported by new business model agreements with eight major customers covering two-thirds of bits shipped by FY2028. Micron and SK Hynix also rose significantly."
datetime: "2026-08-13T17:10:41.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295828517.md)
  - [en](https://longbridge.com/en/news/295828517.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295828517.md)
generator: "portal-rs"
---

# Memory stocks open flat and then soar: Micron up 6%, SK Hynix 8%, SanDisk up 15%. Here’s what’s driving the move

Quick ReadSanDisk (SNDK) surged 15% and Western Digital (WDC) jumped 10% after SanDisk's Investor Day targeted 80% non-GAAP gross margins sustained through fiscal 2030.SanDisk backed the bold margin forecast with New Business Model agreements signed with 8 customers covering two-thirds of bits shipped by FY2028.The 80% margin target is a non-GAAP f...

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## Related News & Research

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**