Memory Sector Roars Into 2026 as Micron, Sandisk Extend AI-Driven Rally
Micron Technology and Sandisk opened 2026 with explosive gains, climbing 7.76% and 10.39% respectively in premarket trading. The rebound followed a brief New Year’s Eve dip that saw Micron shed 2.5%, suggesting institutional buyers are capitalizing on temporary weakness.
Bernstein’s bullish $330 price target for Micron—up from $270—reflects expectations of 20-25% quarterly DRAM price growth. Data center demand for flash-based SSDs continues to accelerate as AI workloads outpace traditional storage solutions. Sandisk’s 559% surge since its Western Digital spinoff at $36/share now positions it among 2025’s top performers.
The memory sector’s momentum appears self-sustaining: Micron’s 239% annual returns ranked second in the S&P 500, while the MOVE index confirms 2025 gains were demand-driven rather than speculative. Storage stocks now trade as proxies for AI infrastructure buildouts.