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Why Sandisk Stock Just Popped Again

TheMotleyFool

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Why Sandisk Stock Just Popped Again: https://g.foolcdn.com/editorial/images/871226/semiconductor-computer-chip-with-the-letters-ai-in-the-middle.jpg

Sandisk (NASDAQ: SNDK) stock jumped 6.2% through 10:05 a.m. ET this morning as investors weighed news items affecting the computer memory-maker -- both good and somewhat bad news.

Image source: Getty Images.

On the good side of the ledger, Nvidia (NASDAQ: NVDA) reported monster earnings growth yesterday. Sales surged 85% year over year to a record quarterly haul of $81.6 billion. Fully 92% of this revenue came from chips sales to artificial intelligence data centers, proving the AI revolution is alive and well -- and so is the need for NAND flash memory from Sandisk.

Source Fool.com

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