Why Sandisk Stock Soared Today
Viewed from one angle, Micron (NASDAQ: MU) and Sandisk (NASDAQ: SNDK) stocks look like competitors, both making NAND flash memory and battling for market share there, even as Sandisk makes inroads into Micron's high-bandwidth memory (HBM) DRAM market by offering its own "high-bandwidth flash" as an alternative.
But that's just one angle.
Viewed another way, Micron and Sandisk stocks seem joined at the hip, as when today, a new partnership and a pair of price target hikes for Micron stock immediately sent Sandisk stock up 4.7% through 11:50 a.m. ET.
Source Fool.com
Micron Technology Inc. Aktie
714,50 €
-5,86 %
Die Community bevorzugt Micron Technology Inc., mit deutlich mehr Buy- (159) als Sell-Einschätzungen (1).
Bei einem Kursziel von 1294 € für Micron Technology Inc. deutet sich eine Steigerung von über 50% vom aktuellen Kurs von 714.5 € an.
