SanDisk Rips 10%, Micron Rises 6% as AI Memory Frenzy Builds: Stock Market Today
Memory chipmakers ripped higher Monday after Washington pushed Apple away from Chinese DRAM suppliers, while the 30-year yield hit a fresh 19-year peak.
Memory chip companies got a boost because the U.S. government is steering Apple toward American suppliers instead of Chinese ones. When big companies like Apple need to buy from American chip makers, it can be good news for those American companies' business.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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