Sandisk Stock Surges on Strong Growth Outlook
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Insights by Echo AI
Sandisk's stock has surged over 6% after the company projected mid to high double digit revenue growth and an 80% non GAAP gross margin through fiscal 2030. The stock has extended its major rebound following a July plunge, with the company's CEO revealing plans for the future after an explosive 3,150% stock rally. The company held its first post-IPO investor day recently, with analysts crunching the numbers to determine if there is more upside.
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