Why Sandisk Stock Soared Today
Did Sandisk and SK Hynix just solve the HBM supply crisis?
Overview
For the second day in a row, Sandisk (NASDAQ: SNDK) stock is soaring, up 8% through 10:35 a.m. ET Tuesday.
Sandisk stock gained a strong 6% higher on Monday after analysts at Morgan Stanley sounded the all-clear for artificial intelligence stocks, confirming revenues are growing fast enough to provide AI hyperscalers the cash they need to buy the semiconductor chips they want. Today, Sandisk's getting an even more Sandisk-specific catalyst:
Details
Its concept of using flash computer memory as a substitute for DRAM is catching on.
Source
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.