SNDK is trading 10% up at $1,532.47 following industry-wide catalysts including a historic labor strike at rival Samsung and record-breaking AI earnings from Nvidia.
- An estimated 48,000 workers at major competitor Samsung Electronics launched an 18-day general strike today, threatening to disrupt global NAND flash supply and prompting capital rotation into rivals like SanDisk.
- Nvidia's blockbuster $81.6 billion quarterly revenue report confirmed sustained AI data center expansion, directly boosting high-margin enterprise SSD demand.
- SanDisk's strong fundamental outlook is further supported by a massive $6 billion share buyback program and a zero-debt balance sheet.