SanDisk is trading 10% up now at $8.70 as memory-chip stocks extend a sharp rebound following last week’s sector selloff.
- The move is being driven by an AI-focused rally in flash and DRAM names after SanDisk and SK Hynix unveiled a new High Bandwidth Flash standard at the Flash Memory Summit.
- The announcement has significantly boosted market sentiment and analyst optimism regarding an extended AI memory upcycle.