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Why Did Sandisk Stock Bounce Back Today?

TheMotleyFool

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Why Did Sandisk Stock Bounce Back Today?: https://g.foolcdn.com/editorial/images/873507/semiconductor-computer-chip-with-the-letters-ai-in-the-middle.jpg

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.

Image source: Getty Images.

Source Fool.com

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