Sandisk Corp. (NASDAQ:SNDK) surged nearly 10% on Friday to a new record high of $68.67, driven by investor optimism for Artificial Intelligence. Morgan Stanley’s bullish comments on the NAND memory market and increasing enterprise SSD demand fueled the rally. Massive orders for NAND supply are shifting away from consumer markets. While Sandisk has limited exposure to enterprise SSD, Morgan Stanley predicts upside potential as its BICS 8 process ramps up. For those seeking AI investments with high returns and low risk, consider exploring other options. This article was originally published on Insider Monkey.

Read more at Yahoo Finance: SanDisk (SNDK) Surges Nearly 10% as Wall Street Bets Anew on AI Future