This article first appeared on GuruFocus .
Memory-chip stocks moved higher on Friday as investors returned to semiconductor names following a recent pullback.
Micron Technology ( NASDAQ:MU ) gained about 4%, while SK hynix (SKHY) also advanced around 3%. SanDisk ( NASDAQ:SNDK ) rose more than 5%, extending a rebound across the memory sector.
The move follows pressure created by Broadcom's latest outlook. Broadcom (AVGO) reported third-quarter AI semiconductor revenue of $16.7 billion, up 221% from a year earlier, but its $34.8 billion fourth-quarter revenue forecast came in below some market expectations.
Demand indicators remain supportive for memory suppliers. Dell Technologies (DELL) reported a $95 billion AI-server backlog, while industry data point to continued strength in DRAM and NAND demand.
The rebound also comes as Treasury yields ease, improving the backdrop for technology shares. Still, memory stocks remain sensitive to pricing trends, supply conditions and changes in AI infrastructure spending.
The recovery suggests investors remain focused on AI-driven memory demand despite recent semiconductor volatility.
