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Why Sandisk Stock Is Skyrocketing Today

TheMotleyFool

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Why Sandisk Stock Is Skyrocketing Today: https://g.foolcdn.com/editorial/images/876978/gettyimages-1271085883.jpg

Sandisk (NASDAQ: SNDK) stock is booking huge gains in Tuesday's trading. The memory technology specialist's share price was up 9.3% as of 3:10 p.m. ET. The S 500 had risen 0.8% at the same point in the daily session, and the Nasdaq Composite had surged 1.4%.

After some sell-offs in last week's trading, chip stocks have come roaring back early in this week's trading -- and Sandisk is benefiting from the trend. The company's share price is also getting a boost from bullish analyst coverage.

Image source: Getty Images.

Source Fool.com

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