SanDisk ($SNDK) shares rose nearly 5% as demand for AI-driven NAND products and strong earnings momentum from the second quarter continue to bolster confidence in the memory sector. The company reported $3 billion in revenue for Q2, a 61% increase year-over-year, driven by upgrades from hyperscalers, which further highlights the growing interest in memory producers amid a storage supercycle. However, there is ongoing debate regarding whether this demand can endure the anticipated oversupply risks in the second half of 2026.
SanDisk rises 5% on AI-driven NAND demand, Q2 revenue hits $3B
