
SanDisk Corp ($SNDK) experienced a positive earnings reaction, trading up 13.26% to $1,522.51. The company guided for mid-to-high teens revenue growth, 80% non-GAAP gross margins, and 50% adjusted free cash flow margins while returning 100% of excess cash to shareholders. Additionally, updates highlighted that HBF could materially reduce GPU requirements for AI inference with significant capex and GPU efficiency gains, prompting a speculative price target mention of $3,000.