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SanDisk stock jumps 5% premarket: can Nvidia's memory warning extend the rally?
Source: invezz.com
Company FundamentalsTechnology & InnovationSemiconductors & Memory MarketsMarket Technicals & FlowsCorporate Earnings
SanDisk shares jumped nearly 5% in Thursday premarket as Nvidia’s earnings delivered an unexpected positive read-through for memory suppliers. SNDK closed Wednesday at $1,499.37 (+1.3%), gained about 3.7% after hours, and then extended gains, indicating improving near-term demand expectations for memory components.
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