Sandisk stock jumps at the open as upbeat outlook keeps the AI-memory trade in focus
Sandisk shares rose 4.3% to $694.20 Tuesday morning after a 15.4% gain Monday. The company reported second-quarter revenue up 61% to $3.03 billion and forecast third-quarter revenue as high as $4.8 billion. Bernstein raised its price target to $1,000. Investors are watching Alphabet and Amazon earnings for signals on AI-driven demand.