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Memory-chip stocks, including Micron Technology Inc. NASDAQ:MU, SK hynix Inc. NASDAQ:SKHY and Sandisk Corp. NASDAQ:SNDK, came under pressure Friday as investors weighed strong AI-driven demand against rising interest rates, Chinese competition and uncertainty over how long supply shortages will las…
The move followed SanDisk's investor day, where the company outlined new financial targets for the next three years.