Memory Rally Faces Price-Pressure Risk Amid Sandisk Outlook

Micron Technology shares fell after Sandisk’s results suggested growth has been driven largely by higher prices rather than volume, raising questions about whether AI-driven memory demand can sustain the rally if supply improves and demand weakens; Sandisk also forecast a mid-teen drop in PC and smartphone shipments, signaling weakness outside AI data centers, with peers like Western Digital, SK Hynix and Samsung also sliding as investors await Micron’s shipment growth and pricing commentary.