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Memory chip stocks: Why Micron and Sandisk are soaring today as shortage fuels global RAM demand
Shares of major memory chip companies, including Micron Technology (MU) and Sandisk Corporation (SNDK), saw significant gains today following a positive outlook from a Japanese memory firm. This surge is attributed to an ongoing global memory chip shortage, which continues to fuel demand and drive up stock prices for companies in the sector. Western Digital (WDC) and Seagate Technology (STX) also experienced increases, with Micron and Sandisk particularly highlighted for their focus on memory chip production on U.S. exchanges.