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SanDisk Rises 8%, Western Digital Jumps 9%, Micron Adds 7% as Memory Rebound Accelerates
Bank of America boosted Micron's price target to $1,550, citing a $246 billion AI memory opportunity by 2030, driving sector gains.
Summary by 24/7 Wall St.
3 Articles
3 Articles
SanDisk Rises 8%, Western Digital Jumps 9%, Micron Adds 7% as Memory Rebound Accelerates
SanDisk, Western Digital, and Micron are surging for a second straight session as a Bank of America upgrade and a sweeping UBS note collide with one of the heaviest earnings weeks of the summer, and the next data point could flip the entire trade.
·Lakewood, United States
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On Tuesday, Wall Street significantly improved ground and finished the three-day loss series. The Nasdaq 100 jumped by 1.93%, the S&P 500 gained 0.89% and the Dow Jones increased 0.74%. The upswing was qualitatively better than the stabilization of Monday: In addition to the large technology values, small caps and several industrial values also increased. However, the main driver was again the semiconductor and storage complex. The mood indicato…
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Total News Sources3
Leaning Left1Leaning Right0Center1Last UpdatedBias Distribution50% Left, 50% Center
Bias Distribution
- 50% of the sources lean Left, 50% of the sources are Center
50% Center
L 50%
C 50%
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