Memory Stocks Rebound as Micron, SanDisk Rally
Memory stocks rebound as Micron and SanDisk climb; Morgan Stanley called the sell-off a buying opportunity, helping fuel dip-buying in chip names.
KEY TAKEAWAYS
- Micron, SanDisk and Western Digital advanced as investors bought the recent memory-chip pullback.
- Micron rose 4.3% after three straight days of declines, at the time of reporting.
- Morgan Stanley projected memory prices would rise at least 25% from Q2 to Q3 2026.
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Micron and SanDisk rebounded on July 20, 2026, as memory stocks recovered following a sharp sell-off. Morgan Stanley described the weakness as a buying opportunity and projected memory chip prices will rise into the third quarter.
Memory Chip Bounce
Micron, SanDisk, and Western Digital advanced as investors bought the recent pullback in memory-chip shares, joining a broader rebound across the semiconductor sector. Micron’s stock rose 4.3% through 2:05 p.m. ET after three consecutive days of declines.
Analyst Forecasts Memory Prices
Morgan Stanley analyst Joseph Moore said the sell-off created a compelling entry point. He noted memory chips remain a bottleneck to artificial intelligence development, with demand appearing durable and data-center-driven shortages persisting. Moore projected memory chip prices will increase at least 25% from the second quarter to the third quarter of 2026. This outlook supported the dip-buying that lifted U.S. memory stocks.
