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ojoabon ayobami
The storage trio is crazy again, SanDisk surged 8% in one day
Today the storage sector collectively erupted, SanDisk directly surged to 1740, up nearly 8%; Micron 979, up 5.7%; Hynix also rose over 6%.
Why such a sudden surge? One reason is that the rate hike impact has fully played out, but more importantly, industry tailwinds continue: Hynix just announced it will increase dividends, returning at least 50% of free cash flow to shareholders from 2025 to 2027; AI storage demand hasn't stopped
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