Market Wrap · August 13, 2026
SanDisk and Micron Rip Higher, Netflix Jumps on an Ackman Bet, as the Nasdaq-100 Gains 1.16%
U.S. equities rose Thursday, August 13, led by a sharp rebound in memory-chip and storage names. The S&P 500 (SPY) rose 0.70% to $777.88, the Nasdaq-100 (QQQ) rose 1.16% to $732.07, and the Dow (DIA) added a modest 0.14% to $537.91, while the Russell 2000 (IWM) rose 0.26%. The move higher in equities ran opposite to commodities: gold (GLD) fell 1.47%, silver (SLV) fell 1.52%, and crude oil (USO) fell 1.78%.
The session's biggest single mover was SanDisk, up 13.67% to $1,528.11, with Micron rising alongside it, up 4.23% to $949.83 — both holdings here. The move followed at least two Motley Fool pieces published Thursday arguing the memory sector's recent selloff (SanDisk down as much as 45% and Micron down roughly 25% from their 2026 highs, on concerns about future memory-chip pricing and a broader rotation out of the group) was overdone given a severe, AI-buildout-driven memory shortage. Both articles cited Wall Street projections of steep FY2027 revenue growth — roughly 140% for SanDisk and 85% for Micron — with new production capacity not expected online until late 2027 or 2028.
Netflix rose 5.43% to $78.24 after The Motley Fool reported that Bill Ackman's Pershing Square Capital Management deployed 85% of a recent $5 billion capital raise into six stocks, including Netflix, alongside Visa, Mastercard, S&P Global, Intercontinental Exchange, and Alcon. Per the report, Ackman's stated rationale is that Netflix holds a durable streaming-wars moat that can absorb ongoing concerns about AI-driven disruption to media businesses.
Elsewhere on the tape
Datadog rose 4.70% to $252.24, extending a run of large swings this site has repeatedly found no company-specific dated news to explain. Cheesecake Factory fell 4.61% to $111.88, also with no dated news found. SpaceX fell 3.33% to $141.29 the same day a Motley Fool piece revisited short-seller skepticism on the name — citing negative six-month free cash flow of roughly $25 billion, AI revenue concentrated in a single cancellable customer contract, declining Starlink ARPU, and the second insider share-unlock scheduled for August 21. Nebius fell 1.60% to $255.04, with the leveraged NBIL ETF down 3.41% in kind. On the watchlist, Palantir rose 4.66%, Salesforce rose 4.16%, Super Micro rose 4.12%, and Coinbase rose 3.26%, with no ticker-specific dated news found tying any of the four moves to Thursday specifically.