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Why Sandisk Stock Popped After the SpaceX IPO
The Motley Fool·
SanDisk stock surged 6.6% following SpaceX's IPO and $75 billion capital raise. Lynx Equity analysts believe SpaceX will deploy significant cash toward semiconductors and AI chips to build its AI business, benefiting memory chip suppliers like SanDisk and Nvidia. Despite SanDisk's 23x sales valuation, it remains 5x cheaper than SpaceX.
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