Micron Rockets 8%, Western Digital Surges 7%, SanDisk Pops 6% in Memory-Stock Snap-Back

Quick Read

• Micron (MU) rockets 8% and Western Digital (WDC) surges 7%, recovering conscionable a fraction of Friday's brutal 13% AI representation selloff.

• Susquehanna's $3,250 SanDisk terms people signals semipermanent conviction, yet prediction markets terms lone 50% likelihood Micron extends gains into Tuesday.

• It sounds nuts, but SoFi is giving new progressive put users up to $1,000 successful banal for a constricted time, and each it takes is simply a $50 deposit to get started. See for yourself (Sponsor)

Memory and retention names are starring the portion successful aboriginal Monday trading, snapping backmost hard from Friday's brutal selloff. Micron Technology (NASDAQ:MU) banal is up 8% to $935, portion Western Digital (NASDAQ:WDC) and SanDisk (NASDAQ:SNDK) are besides rallying sharply.

The bounce arrives without a caller cardinal catalyst, and it looks method successful nature. The trio is recovering lone a information of the crushed mislaid connected Friday, June 5, erstwhile the alleged "Parabolic 7" commercialized violently unwound crossed the AI infrastructure complex.

Friday's closing prints were harsh crossed the representation names, with MU banal starring the declines, having dropped 13% to $864.01.

A Snap-Back, Not a New Catalyst

There's nary caller quality point driving Micron, Western Digital, oregon SanDisk shares higher this morning. The setup looks similar classical mean reversion aft a sentiment-driven flush successful the parabolic representation complex. Short-term traders look to beryllium covering shorts and re-entering agelong vulnerability astatine little prices.

The "Parabolic 7" framing captures the broader issue. These names had rallied truthful aggressively into precocious May that immoderate portion weakness could trigger forced selling from leveraged accounts. That dynamic appears to person exhausted itself implicit the weekend, mounting up Monday's rebound successful Micron, Western Digital, and SanDisk shares.

Analyst Targets and Earnings Backdrop

The cardinal communicative down representation hasn't broken. Western Digital's astir caller results showed fiscal Q3 2026 gross of $3.34 billion, a 45% twelvemonth implicit twelvemonth (YoY) increase, and EPS of $2.72, up 97% YoY. Hyperscaler request for high-capacity retention continues to thrust that strength.

SoFi Active Invest is offering a limited-time promotion. Open an account, money it with $50 oregon more, and you could person up to $1,000 in complimentary banal for Active Invest accounts. See for yourself by clicking present now.

On the expert side, SanDisk has drawn assertive people hikes. Morgan Stanley raised its terms people connected SanDisk to $1,750, portion Susquehanna pushed its people to $3,250. Those calls bespeak Wall Street's work connected choky NAND proviso and premium AI-era pricing.