Why Sandisk Stock Just Jumped

President Trump announced a partnership between Apple and Intel for semiconductor manufacturing in the U.S., causing Sandisk stock to surge 10.7%, Intel to jump 9.5%, and Apple to gain nearly 1%. The deal, combined with Intel's collaborations with SpaceX and Tesla on AI chips, is expected to boost domestic semiconductor manufacturing. However, analysts note Sandisk's 67x P/E ratio appears steep despite strong growth prospects.