Sandisk Corporation (NASDAQ:SNDK) stock rose nearly 3% in Thursday's premarket session as improving risk appetite lifted technology stocks.
Nasdaq futures gained 1.19%, while S&P 500 futures advanced 0.57%.
The move also comes less than a week before the company's earnings report, when trading activity often becomes more sensitive as investors position for quarterly results.
Memory Market Outlook Analysts remain constructive on the long-term outlook for memory-chip makers despite the sector's recent pullback.
Wolfe Research senior analyst Chris Caso told CNBC on Wednesday the semiconductor pullback reflects a reset in expectations after a sharp rally.
