Sandisk Shares Rise Following Strong CoreWeave Earnings and Increased Capital Expenditure Guidance
Shares of Sandisk (SNDK) surged following a robust Q3 earnings report from AI cloud provider CoreWeave (CRWV). CoreWeave exceeded analyst expectations for both revenue, reporting $3.66 billion, and earnings per share. The company also raised its full-year 2026 revenue guidance to between $13.0 billion and $13.3 billion. Crucially for Sandisk, CoreWeave announced plans to invest between $37 billion and $39 billion in capital expenditures. As a provider of computer memory chips used in data centers, Sandisk stands to benefit directly from this increased infrastructure spending. Investors are viewing the massive scale of CoreWeave's projected growth as a significant tailwind for Sandisk's long-term revenue potential.
Topics: AI data centers capital expenditure earnings report revenue guidance
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