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Benzinga
Benzinga
Business
Erica Kollmann

SanDisk Leads Memory Stock Rally — Here's What's Fueling the Bounce Back

SanDisk Memory Micron SK Hynix Seagate Western Digital SNDK MU SanDisk Corp SKHY
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Memory stocks are rallying Thursday, clawing back a chunk of Wednesday’s steep losses. Sandisk Corp. (NASDAQ:SNDK), Micron (NASDAQ:MU), Seagate (NASDAQ:STX), Western Digital (NASDAQ:WDC), SK Hynix Inc. (NASDAQ:SKHY) and the Roundhill Memory ETF (NASDAQ:DRAM) are all higher in early trading, reversing course after a sharp selloff a day earlier.

Fresh numbers out of Samsung Electronics Co. and a bullish new call on SK Hynix are helping to drive the bounce.

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