Sandisk Corp. (NASDAQ:SNDK) saw a 20.14% jump last week due to an optimistic outlook for the NAND market and increasing investments in AI. CEO David Goeckeler highlighted the strong tailwind created by data center and AI infrastructure investments for the company’s solid-state drives.

Projected revenues for Sandisk Corp. (NASDAQ:SNDK) in Q2 range from $2.55 billion to $2.65 billion with diluted earnings per share of $3 to $3.40. In the last quarter of the year, net income dropped by 47% to $112 million, but revenues surged by 23% to $2.308 billion year-on-year.

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Read more at Yahoo Finance: Sandisk (SNDK) Gets 20% Boost from Upbeat NAND Market Outlook