Sandisk Corporation (NASDAQ:SNDK) was a top performer last week, with shares rising 21.6% thanks to a 672% net income increase and a projected 183% revenue jump in Q3. Net profit skyrocketed to $803 million from $104 million last year, while revenues hit $3.025 billion, driven by strong data center adoption among AI developers.

The data center segment of Sandisk saw revenues climb to $440 million, fueled by AI infrastructure developers and technology companies deploying AI at scale. Revenues are expected to reach $4.4 billion to $4.8 billion in the third quarter, with gross margins projected at 64.9% to 66.9%.

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Read more at Yahoo Finance: Sandisk (SNDK) Jumps 21.6% as Profits Spike