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Benzinga
Benzinga
Business
Nabaparna Bhattacharya

SanDisk Set To Gain From AI Demand And Tight Supply, Says Analyst

SanDisk Bangkok,,Thailand,-,February,05,,2020:,Sandisk,Extreme,Pro,32

Sandisk Corporation (NASDAQ:SNDK) shares jumped Tuesday as investor sentiment rallied around the company’s prospects in a strengthening NAND flash memory market.

The surge reflects growing optimism driven by rising demand from AI data centers and constrained supply conditions, which are expected to support higher pricing and improved margins for the data storage leader.

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