Sandisk (SNDK) Surges 6.9% as Investors Take Advantage of Bloodbath

Sandisk Corp. (NASDAQ:SNDK) is one of the 10 Must-Watch Stocks Right Now.

Sandisk jumped by 6.92 percent on Friday to finish at $661.62 apiece, as investors took advantage of the broader market bloodbath to hunt for bargains in AI stocks.

During the session, Sandisk Corp. (NASDAQ:SNDK) rallied alongside its counterparts in the storage sector, namely Micron Technology (5.13 percent), Western Digital (4.25 percent), and Seagate Technology (2.60 percent), among others, backed by strong optimism for the artificial intelligence sector.

The confidence was further boosted by Nvidia Corp.’s ramped-up investments in the industry earlier in the week, having partnered with and invested $2 billion in an AI infrastructure company. Nvidia’s investments are widely watched by the investing community, being the key enabler to the AI boom.

Meanwhile, Sandisk Corp. (NASDAQ:SNDK) earlier this year announced a 672-percent expansion in its net income in the second quarter of fiscal year 2026, at $803 million versus only $104 million in the same period a year earlier.

Revenues, on the other hand, rose by 61 percent to $3.025 billion from $1.876 billion.

Looking into the third quarter of the fiscal period, Sandisk Corp. (NASDAQ:SNDK) expects revenues to be in the range of $4.4 billion to $4.8 billion, or an implied expansion of 159 percent to 183 percent from the $1.695 billion reported in the same period a year earlier.

Gross margins are expected to be at 64.9 percent to 66.9 percent.

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