Storage Chip Stocks Rise, SanDisk Up 3%, Micron Up 2%
Storage chip stocks advanced during regular trading on Wednesday (September 2). SanDisk (SNDK.US) climbed 3.03% to $1,583.38, leading the sector with an intraday high of $1,587.86. Micron Technology (MU.US) rose 2.30% to $954.94, hitting a session high of $956.62. Seagate (STX.US) gained 1.76% to $831.05, while Western Digital (WDC.US) edged up 0.85% to $454.27. MRAM (MRAM.US) advanced 1.22% to $16.05. The 2x leveraged ETF (MUU.US) surged 4.42%, while the inverse ETF (SNDQ.US) fell 6.28%.
The storage chip sector extended recent strength with broad-based gains across major names. Market attention remains on expectations for recovering storage demand, as HDD and NAND flash prices stabilize. Amplified moves in leveraged ETFs signal investor optimism for the sector's outlook.
