SanDisk stock rises on $42B AI-driven memory deals and strong long-term contracts.

SanDisk's stock climbed as the company secured five long-term supply agreements, including contracts worth about $42 billion in minimum revenue, driven by increasing AI memory demand. The CFO highlighted financial guarantees exceeding $11 billion across these deals, enhancing revenue visibility. Analysts note SanDisk's strong margins above 80% and growing engagements with hyperscalers, suggesting reduced cyclicality and higher valuation potential. The stock shows a strong bullish trend, trading well above key moving averages, with an upcoming earnings report expected to reflect significant growth.