{"id":1045654,"date":"2026-09-05T21:26:13","date_gmt":"2026-09-05T21:26:13","guid":{"rendered":"https:\/\/www.europesays.com\/us\/1045654\/"},"modified":"2026-09-05T21:26:13","modified_gmt":"2026-09-05T21:26:13","slug":"the-sp-500-fell-but-these-2-ai-memory-stocks-exploded-higher","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/us\/1045654\/","title":{"rendered":"The S&P 500 Fell, but These 2 AI Memory Stocks Exploded Higher"},"content":{"rendered":"\n

Wall Street delivered a sharp split on September 4. The S&P 500 fell 0.4% after a stronger-than-expected jobs report lifted rate concerns, but Sandisk jumped 11.9% and Micron gained 6.1%. The divergence matters because it was not a broad risk-on move. The pattern was consistent with investors rotating toward memory and storage suppliers that help keep AI systems fed with data. That put Sandisk Corporation (NASDAQ:SNDK<\/strong><\/a>) and Micron Technology, Inc. (NASDAQ:MU<\/strong><\/a>) at the center of the session. <\/p>\n

\"The<\/a> The S&P 500 Fell, but These 2 AI Memory Stocks Exploded Higher <\/p>\n

Source: Sandisk Corporation <\/p>\n

Sandisk offers the purer NAND and flash-storage argument. Its August results established data center as a key growth pillar, and management said it had signed five more new-business-model agreements since April. The bull case is that AI expands high-value enterprise storage demand while tighter supply supports pricing. The bear case is cyclicality: customer agreements cannot eliminate inventory swings, pricing reversals, or the execution risk that comes with a newly independent public company. <\/p>\n

Professional ownership broadened before Friday’s rally. Insider Monkey counted 128 hedge funds holding Sandisk Corporation (NASDAQ:SNDK) at June 30, up from 114 at March 31. Leopold Aschenbrenner’s Situational Awareness LP disclosed 2,495,344 shares, about 119% more than the 1,140,119 shares reported in Q1. Those filings are quarter-end snapshots and do not show what the funds did during the September move. <\/p>\n

Micron supplies both high-bandwidth memory and conventional DRAM and NAND. Its fiscal third-quarter revenue reached $41.46 billion, while Cloud Memory revenue rose to $13.77 billion and Core Data Center revenue to $11.52 billion. That operating leverage is the bull case. The counterargument is that extraordinary margins invite capacity additions, and today’s scarcity economics may normalize faster than investors expect. <\/p>\n

Hedge-fund breadth also rose for Micron Technology, Inc. (NASDAQ:MU), to 184 funds in Q2 from 154 in Q1. Cliff Asness’s AQR Capital Management reported 3,833,728 shares, about 15% fewer than the 4,523,415 shares disclosed in Q1. The August 14 exchange-reported settlement recorded 7,676,558 SNDK shares sold short, about 8.24% of the estimated public float, equal to roughly 0.5 day of average trading volume. That snapshot predates the rally and cannot identify motive. <\/p>\n

The session supports a real thesis: AI demand is spreading from accelerators into the memory hierarchy. Sandisk has more focused upside but greater company-specific and NAND-cycle risk. Micron has broader product exposure and exceptionally strong disclosed margins, yet it also carries more expectations. The next proof points are pricing, data-center mix, and whether customer commitments survive the next supply response. Both can benefit from demand while suffering very different supply and execution failures, a distinction Friday’s prices cannot resolve. Quarterly contract volumes should reveal which thesis is gaining ground. <\/p>\n","protected":false},"excerpt":{"rendered":"Wall Street delivered a sharp split on September 4. The S&P 500 fell 0.4% after a stronger-than-expected jobs…\n","protected":false},"author":3,"featured_media":1045655,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[21],"tags":[418468,113028,691,738,5208,59,12983,44863,61505,17709,78247,284571,223954,418467,158,67,132,68],"class_list":["post-1045654","post","type-post","status-publish","format-standard","has-post-thumbnail","category-artificial-intelligence","tag-0-4","tag-113028","tag-ai","tag-artificial-intelligence","tag-friday","tag-inc","tag-micron","tag-micron-technology","tag-mu","tag-nasdaq","tag-q1","tag-sandisk","tag-sandisk-corporation","tag-sndk","tag-technology","tag-united-states","tag-unitedstates","tag-us"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@us\/117220552414225503","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1045654","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/comments?post=1045654"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/posts\/1045654\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media\/1045655"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/media?parent=1045654"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/categories?post=1045654"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/us\/wp-json\/wp\/v2\/tags?post=1045654"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}