Micron and SanDisk surge to record highs in a single day; trading volume for Gate-related stock contracts soars

Odaily News, May 27th – Stimulated by UBS raising its rating and setting the highest target price on Wall Street, the US-listed memory chip sector experienced an epic surge. According to data from the Gate platform, Micron (MUUSDT) skyrocketed 21.40% to an all-time high, now trading at $950.82; SanDisk (SNDKUSDT) jumped 8.15%, currently at $1,633.66. As the focus of the AI hardware market shifts comprehensively towards the memory segment, trading activity in related contracts continues to heat up. According to Coinglass data, Gate's MU 24-hour trading volume reached $19.133 million, an increase of 770.75%; the 24-hour trading volume for SanDisk (SNDK) reached $9.4332 million, an increase of 451.14%, both ranking among the top in the market.

Gate is continuously bridging crypto and traditional financial trading scenarios through its unified account system. Users can conveniently trade global mainstream assets such as stocks, metals, forex, indices, and commodities using a single USDT account, thereby enhancing cross-market trading efficiency and capital utilization flexibility. Gate has listed over 130 US stock-related perpetual contract instruments and over 430 CFD contract instruments. It continues to expand its diverse product lines, including spot tokens, perpetual contracts, and on-chain assets, offering 7×24 hour trading to provide users with a more flexible and efficient one-stop global asset trading experience.