SanDisk jumps 5% as AlphaSpace chart shows AI storage rally

SanDisk shares jumped 5% after the company announced multi-year hyperscaler contracts, signaling a shift away from volatile memory cycles, as Yahoo Finance's Julie Hyman analyzed via Yahoo Finance's AlphaSpace charting tool. The rally also lifted memory and storage peers Micron and Western Digital.

SanDisk SNDK https://finance.yahoo.com/quote/SNDK/ shares rallied alongside memory and storage peers like Micron MU https://finance.yahoo.com/quote/MU/ and Western Digital WDC https://finance.yahoo.com/quote/WDC/ after unveiling multi-year hyperscaler contracts that signify a shift away from historically volatile memory cycles. Yahoo Finance's Julie Hyman takes a closer look using Yahoo Finance's AlphaSpace https://alphaspace.finance.yahoo.com/?ncid=100003418&view=markets .