Did other stocks in the sector also rise?

Yes, the rally included other companies like Micron Technology.

What is the current price of Western Digital stock?

Western Digital shares traded around $520 after a 6% gain.

SanDisk Jumps 14%, Western Digital Rises 6% as Memory Stocks Rebound

Q: What caused the memory stock rebound?

The rebound was triggered by SK Hynix's announcement of a capacity expansion plan, which boosted sector confidence.

SanDisk (SNDK) shares jumped 14% to about $1,873, while Western Digital (WDC) rose 6% to around $520 in midday trading Thursday. The rally follows SK Hynix's announcement of a capacity expansion plan, which revived investor confidence in memory and storage stocks after a sharp pullback.

June 11, 2026

2 min read

Source: 24/7 Wall St.

Key Numbers

sandisk gain

14%

sandisk price

$1,873

western digital gain

western digital price

$520

SanDisk (NASDAQ:SNDK) shares surged 14% to approximately $1,873 in midday trading Thursday, while Western Digital (NASDAQ:WDC) climbed 6% to around $520. The bounce ends a rough stretch for memory and storage names that had pulled back sharply from last week's highs.

Likely Causes

The immediate catalyst is SK Hynix's announcement of a capacity expansion plan, which boosted sentiment across the memory sector. The news triggered broad buying in memory stocks.

Context

Memory stocks had experienced a sharp pullback last week after a strong rally, making them vulnerable to profit-taking. However, SK Hynix's plan reignited optimism about future demand for memory chips, particularly from AI and cloud computing applications.

Similar Moves in the Sector

The rally extended beyond SanDisk and Western Digital, with other memory companies like Micron Technology (MU) also posting gains. This reflects an improvement in investor sentiment toward the sector.

Frequently Asked Questions

SanDisk shares surged 14% to approximately $1,873.

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This article was rewritten in Wrqti's editorial style based on information from the original source above. Content is informational only — not investment advice.