Memory chip stocks are back on the rise today: What’s driving the upswing for Micron, Sandisk, and SK Hynix?

Memory chip stocks have had a particularly bad run as of late, but today might mark the beginning of a turnaround. Shares of SK Hynix Inc. closed 10.89% up on Wednesday following better-than-expected third-quarter results, including over 100 trillion won in sales for the first time. The South Korean company reported 104.62 trillion won ($78.13 billion) in revenue, beating Wall Street’s expected 98.34 trillion won, according to consensus estimates cited by CNBC. It signified a 328% increas...