SNDK
SanDisk Corp. (SNDK)
1,762.00
+1.26% (+22.00)
Market read
Strong Nvidia earnings lifted sentiment across the memory chip sector, including SanDisk. If Nvidia's results signal continued strong demand for AI-related chips and storage, memory makers like SanDisk could benefit from the same spending trend.
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SanDisk stock rose Thursday as semiconductor memory makers broadly gained following Nvidia's Q2 earnings report.
Strong Nvidia earnings lifted sentiment across the memory chip sector, including SanDisk. If Nvidia's results signal continued strong demand for AI-related chips and storage, memory makers like SanDisk could benefit from the same spending trend.
Jin10·08/27, 08:12 PM
Nvidia reported FY2027 Q2 revenue of $96.2 billion versus market forecast of $92.01 billion; the company is reportedly planning to acquire Hugging Face for $13 billion and Amazon will purchase 2 million Nvidia chips for data center expansion.
Finnhub·08/27, 11:18 AM
Nvidia's memory procurement purchase commitments more than doubled to $279 billion last quarter, driving gains in memory-stock names MU, SNDK, and SKHY.
Jin10·08/25, 08:30 PM
US stock indices opened higher on August 25 with the S&P 500 up 0.35%, Nasdaq up 0.65%, and Dow up 0.36%; storage stocks rebounded with Sandisk up 3% and SK Hynix up 3%, while Alibaba fell 0.6% amid insider buying.