Micron and SanDisk stocks rally as SK Hynix forecasts memory demand outpacing supply through 2030

SK Hynix forecast that memory demand will outpace supply through 2030, driving a rally in Micron and SanDisk shares. The company reported record third-quarter revenue of 104.6 trillion won and operating profit of 83.3 trillion won, with more than half of 2027 and 2028 capacity already committed. Elon Musk added to the bullish narrative, arguing robots will drive memory demand. However, Thursday saw premarket declines for both stocks, and SanDisk faces earnings due after the close.