Sandisk stock jumps nearly 10% as storage rally heats up ahead of Thursday earnings
Sandisk shares surged 9.6% to $527.63 in after-hours trading Wednesday, following Seagate’s strong results and upbeat outlook for data storage demand. The rally came ahead of Sandisk’s fiscal Q2 earnings, set for release Thursday after the close, with investors focused on guidance and pricing. Sandisk traded as high as $544.98, with over 16 million shares changing hands.