SanDisk Corp. (SNDK) surged 10.85% during Thursday's intraday trading, outperforming the broader market as the memory-chip sector rallied sharply.
The gains were fueled by Micron Technology's stronger-than-expected earnings forecast, which highlighted booming demand for memory chips from AI data centers. Micron's upbeat outlook spilled over to peers like SanDisk, with analysts noting that the sector benefits from tight supplies and strategic shifts toward AI-related production.
Western Digital and Seagate also posted significant gains, reflecting broad optimism in the memory-chip industry amid rising AI investments.
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