Memory Chip Sector Surges Intraday, Micron Up 4.48%, SanDisk Up 5.15%
Complete. Here is the key summaryThe memory chip sector rallied collectively during Wednesday's session. Micron Technology rose 4.48% to $1,002.47, SanDisk gained 5.15% to $1,681.70, with Western Digital and Seagate Technology advancing in tandem amid active trading.
The memory chip sector showed strong momentum during Wednesday's (July 23) intraday session, with major stocks advancing broadly. As of press time, Micron Technology (MU.US) rose 4.48% to $1,002.47, hitting an intraday high of $1,011.77. SanDisk (SNDK.US) gained 5.15% to $1,681.70, reaching a session peak of $1,696.37.
Among other constituents, Western Digital (WDC.US) advanced 2.54% to $570.83, Seagate Technology (STX.US) rose 2.33% to $929.27, and Everspin Technologies (MRAM.US) climbed 2.18% to $16.41. In the derivative products segment, the Micron leveraged ETF (MUU.US) surged 8.91% to $37.35, while the Micron inverse ETF (MUD.US) fell 4.44% to $10.76. The SanDisk leveraged ETF (SNXX.US) jumped 10.71% to $19.95, and the SanDisk inverse ETF (SNDQ.US) dropped 9.92% to $25.33.
Overall sector trading volume expanded significantly, with Micron Technology recording $24.06 billion in turnover and SanDisk at $12.44 billion. Against the backdrop of sustained growth in artificial intelligence and data center demand, the memory chip supply chain maintains high prosperity, driving the sector's collective strength during today's session.