Sandisk Rally Driven by Underserved Memory Market

9 days ago

Nora Melinda

"Well, this stock has really rallied today, up as much as 25%. That's the biggest jump that we've seen in terms of a single day basis in nearly a year. This, of course, is commentary from Nvidia's Jensen Wong. He said that the memory storage chip market is quote unquote underserved. And that just sent that stock rallying. We're seeing shares up about 24% right now as we speak. The best performing stock in the S&P 500 simply off of what Jensen Wong has to say."

The speaker highlights Sandisk (SN) experiencing a significant rally, driven by comments from Nvidia's Jensen Wong regarding an underserved memory storage chip market. This company-specific insight points out the stock's impressive day-to-day performance, suggesting strong market momentum.

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