Sandisk Is Splitting Its Stock 8-for-1. Is Micron Technology Next?
Micron Technology may become the next memory stock to announce a stock split.
Sandisk recently announced a remarkable quarter for fiscal 2027, surpassing market expectations with strong financial performance. In response to its high share price, the company has announced an 8-for-1 forward stock split, which will make its shares more accessible to investors, including employees through the employee stock purchase plan.
The split will take effect from November 20, reducing the price per share to approximately $125 from the current price of over $1,000. Although this move won't alter the company's overall value, it will likely boost retail investment interest. Micron Technology, another memory manufacturer, might follow suit with a similar stock split when it releases its results in December.
Micron's stock has surged nearly 1,000% over the past three years and has been outperforming the market, trading at around $800. The artificial intelligence (AI) boom has driven demand for memory chips, benefiting both Sandisk and Micron. Micron expects tighter supply-demand conditions in the coming years, which could further benefit the company.
With its cheap valuation and strong growth prospects, Micron could also be a candidate for a stock split, potentially triggering a bullish movement in its shares.
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