Memory and Storage Shares Rise as Semiconductor Index Gains 2.8%

Memory and storage shares climbed in U.S. trading Monday, with Sandisk up 7.23% and the Philadelphia Semiconductor Index rising 2.8% in a broad advance across the chip sector. Western Digital gained 5.96%, while SK hynix rose 5.07%. Micron Technology advanced 4.18%, and Seagate Technology climbed 4.67%. Three of those five companies gained more than 5%, while the other two rose more than 4%. All five outpaced the semiconductor index in the market snapshot. Sandisk's increase exceeded the index's by 4.43 percentage points, the widest gap among those five stocks.

Source: TokenPost