Micron, AMD, SanDisk Lead AI Stock Bounce as Investors Buy the Dip - Advanced Micro Devices (NASDAQ:AMD),…
Benzinga · Erica Kollmann ·
Chip stocks rebound in Friday’s premarket, led by SanDisk, Micron and AMD, recovering only part of Thursday’s losses amid AI sector fears.
Chip stocks rebounded in Friday’s premarket session after Thursday’s brutal sell-off. Memory names led the bounce, though early gains recovered only part of the prior day’s losses.
SanDisk Corp. (NASDAQ:SNDK) rose 9.4% to $882.31 in premarket trading as of 8:09 a.m. ET, according to Benzinga Pro data. The flash storage maker led memory stocks lower on Thursday, closing down 22.3% at roughly $806.
Micron Technology Inc. (NASDAQ:MU) gained 6.9% to $701.45 after sliding 17.5% to about $656. Advanced Micro Devices Inc. (NASDAQ:AMD) climbed 7.6% to $435.20 following a 17.3% drop to near $404.
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