◆ NeutralSNDKNVDA

Why Sandisk Stock Popped After the SpaceX IPO

The Motley Fool·
Why Sandisk Stock Popped After the SpaceX IPO

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.

Read Full Article at The Motley Fool
← Back to Financial Intelligence