Micron Technology & Western Digital

Micron Technology: Micron Technology also experienced a significant surge in market cap due to AI memory demand, serving as a comparable example for Western Digital — Sandisk's potential growth to a $1 trillion valuation.

Western Digital: Western Digital divested Western Digital — Sandisk, allowing both companies to focus on their niches. Western Digital's stock has also surged due to strong Q3 fiscal 2026 earnings, a dividend increase, and analyst upgrades, benefiting from AI-driven storage demand for hard disk drives (HDDs).

Micron Technology: Micron Technology's stock surged due to unprecedented demand for its high-bandwidth memory (HBM) chips, driven by the AI revolution. The company's revenue and profit forecasts exceeded expectations, leading to a significant increase in market capitalization and customer commitments for future supply.

Western Digital: Western Digital, a storage and memory peer, saw its stock jump following Micron Technology's strong results, benefiting from the overall positive sentiment in the chip market.

Micron Technology: Micron Technology reported stronger-than-anticipated profit and revenue, and its shares surged, leading the market's tech rebound.

Western Digital: Western Digital shares popped, benefiting from the upbeat chip outlook.