Why Did Sandisk Stock Bounce Back Today?
Nvidia has a new favorite partner for AI memory chips.
Why Did Sandisk Stock Bounce Back Today?
Overview
Sandisk (NASDAQ: SNDK) stock got caught up in an epic sell-off last week as semiconductor stocks lost $1 trillion in market capitalization. Sandisk crashed 11.4% Friday -- but today it's bouncing back.
Shares of the NAND memory chips manufacturer gained 4.6% through 9:40 a.m. ET Monday, and investors can thank Nvidia (NASDAQ: NVDA) CEO Jensen Huang for this. Huang says we are still just at "the outset of the AI revolution," which has more room to run.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
