SanDisk stock jumps after blowout earnings as AI data-center demand lifts outlook
Sandisk shares surged in after-hours trading Thursday following a strong quarterly profit report and a forecast of significant revenue growth, driven by rising demand for AI-related storage. These results carry weight as Wall Street has been loading up on storage and memory stocks linked to the AI surge, wagering that spending on cloud and datacenters will continue to drive up NAND flash memory prices for solid-state drives.