◆ NeutralSNDKNVDA

Why Did Sandisk Stock Bounce Back Today?

The Motley Fool·
Why Did Sandisk Stock Bounce Back Today?

Sandisk stock rebounded 4.6% Monday after a brutal 11.4% crash on Friday amid semiconductor sell-offs. The bounce was fueled by Nvidia CEO Jensen Huang's comments on the AI revolution's early stage and Nvidia's new partnership with SK Hynix for advanced memory chips. Two analysts raised Sandisk price targets, though the author questions whether Nvidia's preference for SK Hynix as a memory partner is actually positive news for Sandisk.

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