Memory Stocks Rally as Goldman Says the Worst May Be Over: SK Hynix Climbs 5%, SanDisk Advances 3%, Micron Gains 2%

Memory-chip stocks rose after Goldman Sachs told clients that the worst of the sector downturn may be over. SK Hynix led the group higher, gaining 4% in early trading to $193.53, signaling improving investor expectations for semiconductor-cycle recovery.