Sandisk surges as robust AI demand powers blowout forecast

Sandisk shares rallied on Friday, after the data storage firm projected third-quarter profit and revenue well above analysts' estimates and ​extended a major supply deal, powered by a surge in AI-driven demand ‌for data storage. The company forecast fiscal third-quarter revenue to be between $4.4 billion and $4.8 billion, and adjusted profit in the range of $12-$14 per share. The midpoints of both were above the estimated $2.77 billion ⁠and $4.37 per share, respectively, according ‌to data compiled by LSEG.