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Sandisk Corporation Up 7.39%2h ago
Why is it up?
SanDisk shares extended a sharp post-Investor Day rally following management's presentation of a bullish long-term financial framework. Investors cheered projected fiscal 2028-2030 revenue growth in the mid-to-high teens, anticipated non-GAAP gross margins around 80%, a commitment to return 100% of excess cash, and robust AI-driven NAND flash demand backed by nearly $94 billion in long-term contracts. Positive analyst target revisions and sector-wide momentum further reinforced buying interest.
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