SanDisk jumped more than 15% Thursday, taking its gain from the July low to over 55%. That is remarkable considering the stock had previously fallen 57.65% from its peak.
Thursday’s move alone added 15%.
But the more interesting part is what happened underneath the rebound.
SanDisk’s investor day on Thursday did not simply present another bullish outlook for NAND memory.
It offered investors a new way to value the company. The story is shifting from a cyclical memory maker to an increasingly predictable AI storage infrastructure provider.
