Asian memory chip stocks rise on SanDisk's optimistic long-term outlook

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Asian memory chip stocks rose as SanDisk’s optimistic market outlook boosted sentiment. Kioxia Holdings surged 8.7% in Tokyo, SK Hynix gained 6.5% in Seoul, and the Bloomberg Asia Semiconductor Index climbed 1.6%. SanDisk anticipates 15%–20% revenue growth from 2028 to 2030, supported by long-term pricing agreements. On-chain data and stable contracts may help reduce memory price volatility, according to Andrew Jackson of Ortus Advisors.
ME AI message: SanDisk's (SNDK.O) optimistic outlook has boosted confidence in long-term profitability driven by the AI boom, lifting Asian memory chip stocks. SanDisk’s partner Kioxia Holdings rose as much as 8.7% in Tokyo, while memory manufacturer SK Hynix surged 6.5% in Seoul. The Bloomberg Asia Semiconductor Index climbed 1.6%, on track for its fifth consecutive day of gains. SanDisk previously stated it expects revenue growth of 15% to 20% between 2028 and 2030, driven by long-term pricing agreements with customers. Andrew Jackson, Head of Japan Equity Strategy at Ortus Advisors, wrote: “A few years ago, it was unheard of for NAND flash manufacturers to provide such precise long-term forecasts. Long-term agreements may help smooth out the classic boom-and-bust cycles compared to the more volatile spot memory prices.” (Source: BlockBeats)
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