Sandisk’s 1,000% Rally Gets Turbocharged by Nvidia CEO’s Remarks

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Nvidia CEO's comments at CES have boosted the stock of Sandisk, a memory and storage company, with a 1,000% rally, and also positively impacted Western Digital Corp. and Seagate Technology Holdings Plc, leading to double-digit percentage gains.

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Market impact analysis based on bullish sentiment with 90% confidence.

المشاعر
Bullish
ثقة الذكاء الاصطناعي
90%
الأفق الزمني
قصير الأجل

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It was the best performer in the S&P 500 Index Tuesday, followed by memory and storage companies Western Digital Corp. and Seagate Technology Holdings Plc, both of which posted double-digit percentage gains. “For storage, that is a completely unserved market today,” Huang said at CES Monday. “This is a market that never existed, and this market will likely be the largest storage market in the world, basically holding the working memory of the world’s AIs.”

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