Memory stocks extended their rebound Tuesday morning, with SanDisk up 8%, Western Digital up 9%, and Micron Technology up 7%. Bank of America analyst Vivek Arya raised his Micron price target to $1,550 from $1,500 and reiterated Buy, citing the company's eighth straight quarterly EPS beat and a high-bandwidth memory opportunity of $246 billion by 2030. UBS added that Micron could repurchase over 40% of its shares and generate $400 billion in free cash flow through 2028, while flagging SanDisk, Western Digital, and others as attractive. The gains build on a prior session's 4% to 6% rise, turning a summer pullback into a two-day rebound for the group.
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Sandisk Corp
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Western Digital Corporation