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Sandisk Stock Surges on Hyperscaler Demand, Outperforms Magnificent 7

Sandisk Stock Surges on Hyperscaler Demand, Outperforms Magnificent 7

Author:

Global Cryptocurrency

Published:

2026-01-20 21:54:02

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BTCCSquare news:

Sandisk shares soared nearly 10% on Tuesday, extending their year-to-date rally to roughly 90%—far outpacing the Magnificent 7 tech giants and the broader S&P 500. The surge followed a bullish Citi report highlighting "solid hyperscaler demand" for memory products, which is driving higher pricing power.

Data storage stocks have emerged as stealth winners in the AI investment boom, with Sandisk's intraday record high defying a broader market retreat. Analysts note hyperscale cloud providers are fueling unprecedented demand for memory solutions, creating a structural tailwind for the sector.

By:

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