Bank of America met Micron executives and came away more positive on memory, as customers now lock in supply deals of three to five years instead of a year or less. Analyst Vivek Arya kept a Buy rating and a $1,550 price target on Micron. Micron shares rose 4% to $913.77, Western Digital gained 5% to $362.32 and SanDisk rose 3% to $1,271.99, while the Roundhill Memory ETF (DRAM) gained 4% and the SPDR S&P 500 ETF Trust (SPY) rose 0.65%. The article also notes that SK Hynix is in the news over a Bloomberg report of a special dividend funded by gains from its Kioxia stake sale, though the company says nothing has been decided and it will announce shareholder returns with its third-quarter 2026 results. It adds that these longer contracts have yet to be tested through a downturn.
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Related tickers and likely impact
QQQ
▲ Likely positiveInvesco QQQ Trust
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 704.39 |
| Change that session | -0.01% |
SPY
• NeutralSPDR S&P 500 ETF
Relevance: low
| Market | US stocks |
|---|---|
| Sector | ETF |
| Close on 10/23/2026 | 759.85 |
| Change that session | -0.54% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
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