Premarket Movers | Storage Stocks Jump With SanDisk Up 7%; Chip Stocks Gain With SOXL up Nearly 8%; Drone Makers Rally With Ondas up 14%
Tiger Newspress
Nov 10
Storage shares jumped in premarket trading. Micron, Seagate up over 4%; SanDisk, Western Digital up over 3%.
On November 10, Goldman Sachs highlighted in its latest research report that SanDisk's Q3 earnings significantly exceeded expectations, serving as a catalyst for renewed market confidence. The bank noted that this strong performance reflects a fundamental reversal in the NAND flash market, which is entering a prolonged and severe supply shortage phase expected to last through 2026.
Chip stocks rebounded in premarket trading. SOXL up nearly 8%; Navitas up over 6%; Credo up 5%; SMCI, ARM Holdings, Marvell up over 3%.
Drone makers rallied in premarket trading. Ondas up 14%; Unusual Machines up over 7%; Red Cat up 5%; Draganfly, AeroViroment up about 4%.
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