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. Stock
€714.50
-5.860%
With 159 Buy predictions and 1 Sell predictions Micron Technology Inc. is one of the favorites of our community.
With a target price of 1294 € there is a hugely positive potential of 81.11% for Micron Technology Inc. compared to the current price of 714.5 €.
