SanDisk Bullish AI Outlook Boosts Asian Memory Chip Stocks

Asian memory-chip stocks rose following a bullish long-term outlook from SanDisk Corp., which increased investor confidence in the artificial intelligence boom. During an investor day presentation, the company projected revenue growth in the mid-to-high teens between 2028 and 2030, attributing the forecast to long-term pricing agreements and the acceleration of storage innovation driven by AI.

SanDisk also announced plans to return 100% of its excess cash to shareholders. This combination of growth projections and capital return triggered gains for several industry players. Partner Kioxia Holdings Corp. saw shares climb as much as 8.7% in Tokyo, while Tokyo Electron Limited gained 7.8%. In Seoul, SK Hynix Inc. shares rose 6.5%, and Nanya Technology Corp. shares climbed as much as 5.5% in Taiwan.

The positive market sentiment follows a recovery from a selloff in July. Investors are increasingly viewing high-bandwidth flash as a critical solution for AI storage requirements, fueling the current sector optimism.