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Sandisk and Micron surge 25% and 17% as chip buyers return

Sandisk and Micron surge 25% and 17% as chip buyers return

The two semiconductor stocks jumped sharply as investors bought the dip, signaling renewed risk appetite in a beaten-down corner of the market.

Fact Check
The claim originates verbatim from The Kobeissi Letter's July 30, 2026 post reporting SNDK +25% and MU +17% as dip buyers returned to chip stocks. The surrounding market context is strongly corroborated: 24/7 Wall St. confirms memory stocks crashed sharply in late July 2026 amid China's CXMT IPO fears (SanDisk -12%, Micron -5% on July 27), and another X post notes SanDisk was down over 30% for the week, making a large intraday rebound plausible. However, no independent price-data source directly confirmed the exact intraday +25%/+17% figures, so confidence is medium rather than high.
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Summary

Sandisk, trading under $SNDK, rose 25% while Micron, under $MU, gained 17% as dip buyers moved back into chip stocks. The sharp advance points to renewed buying interest in semiconductor names after a period of weakness, with investors stepping in to purchase shares that had previously sold off.

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