Why Sandisk Stock Soared Today

Sandisk stock surged 11.2% after rival Micron beat earnings expectations, reporting $25.11 per share versus forecasted $20.78 and quadrupling sales to $41.5 billion. With Sandisk's own earnings expected to more than double to $33.72 per share in August, investors are optimistic the company will follow Micron's strong performance. Both companies are benefiting from AI-driven demand and locking in high profit margins through long-term customer agreements.