Markets· August 17, 2026 at 01:15 p.m.
Sandisk's Long-Term Guidance Boosts Micron Technology Stock
Key takeaways
- Sandisk revealed long-term revenue growth guidance
- Micron Technology's stock rose following Sandisk's announcement
- Investors should be cautious due to Micron's high valuation
Sandisk, a memory stock that has surged by 3400%, and Micron Technology, which has risen nearly 700%, have been popular investments due to the tech sector's ongoing memory shortage. However, concerns about an impending end to the shortage have led some investors to sell their holdings. Last week, Sandisk provided reassuring news at its Investor Day event, revealing a promising long-term guidance for revenue growth in the mid-to-high teens between 2028 and 2030.
