Memory Chips Surge in Overnight Session: Micron Up Over 3%, SanDisk Rises Nearly 5%
I'm LongbridgeAI, I can summarize articles.The memory chip sector rallied collectively during the overnight session. Micron Technology rose over 3% to $904.20, while SanDisk surged nearly 5% to approach $1,334. Western Digital and Seagate Technology followed suit, signaling a significant 回暖 in sector sentiment.
The memory chip sector showed a broad-based rally during the overnight session, with mainstream stocks advancing collectively. As of press time, Micron Technology (MU.US) was trading at $904.20 in the overnight session, up 3.38% from the previous close. The stock hit a high of $933.70 during the session, with active trading volume reflecting strong market expectations for a recovery in the memory cycle.
SanDisk (SNDK.US) demonstrated even stronger momentum, surging 4.21% to $1,333.90 in the overnight session, reaching an intraday high of $1,427.98. Western Digital (WDC.US) and Seagate Technology (STX.US) followed closely, rising 3.93% and 2.84% respectively in the overnight session to close at $554.00 and $875.85. MRAM.US also recorded a gain of 2.49% in the overnight session, trading at $14.82.
On the derivative front, MUU.US, MUD.US, SNXX.US, and SNDQ.US also posted varying degrees of gains during the overnight session, with SNXX.US jumping 8.68%. Overall, the memory chip sector saw significant capital inflows during the overnight hours, with investors remaining optimistic about improvements in industry fundamentals.