PomegraNasdaq Rises 1.1% as Micron, Sandisk, AMD Rebound
Why did the Nasdaq rise 1.1% on Monday?
Nasdaq Composite (IXIC) rose 1.1% to 26,430.89 on Monday as Micron (MU), Sandisk (SNDK) and AMD bounced, with investors returning to chip stocks after the Nasdaq's worst week since June.
Key numbers
| Nasdaq Composite | 26,430.89+1.11% |
|---|---|
| S&P 500 | 7,690.73+0.41% |
| Dow Jones | 51,966.03-0.07% |
| Sandisk (SNDK) | 1-day gain+5.53% after ~18% weekly drop |
| Micron (MU) | 1-day gain+2.97% after ~15% weekly drop |
| AMD | 1-day gain+4% |
What happened
Nasdaq Composite (IXIC) rose 1.1% to 26,430.89 on Monday as Micron (MU), Sandisk (SNDK) and AMD bounced, with investors returning to chip stocks after the Nasdaq's worst week since June. The S&P 500 gained 0.4% to 7,690.73, while the Dow slipped 0.07% to 51,966.03. Micron rose about 3% and Sandisk about 5.5%, after losing roughly 15% and 18% the week before, and AMD gained about 4%. Last week's drop was tied to worries that China's chipmaker CXMT could add memory chip supply and push prices down.
Why it matters
The Nasdaq's rebound matters because a handful of AI-linked chip makers now move the whole market. Memory chips are in demand because AI data centers need them, so fears of extra supply from China hit these stocks hard last week. One good day does not erase the damage: the Nasdaq still fell 4.5% last week. Most S&P 500 stocks actually fell on Monday, so the gains were narrow.
Who this affects
- MarketmixedMedium impact
- Tech-heavy Nasdaq gained while the Dow slipped; gains were narrow.
- CompanybullishMedium impact
- Micron and Sandisk holders won back part of last week's losses.
- CompetitorsbullishLow impact
- AMD, Nvidia and Intel also gained as chip stocks recovered.
- IndustrymixedMedium impact
- Memory makers still face China supply worries despite the bounce.
Micron vs Sandisk, AMD, Nvidia
How we got here
Nasdaq falls 2.1% on Friday, closing its worst week since June, down 4.5%.
Chip stocks rebound; Nasdaq gains 1.11%, S&P 500 gains 0.41%, Dow dips 0.07%.
Micron and Sandisk regain ground after losing about 15% and 18% the prior week.
What to watch
- Netflix reports earnings after the close, an early test of mood in tech2026-10-20
- Tesla reports earnings Wednesday; Meta follows after the closing bell, with AI spending in focus2026-10-21
- Whether memory chip makers keep their gains amid China supply worriesQ4 2026
Educational content only. Not investment advice.
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