Why is SanDisk stock skyrocketing on Thursday?

Core Viewpoint - SanDisk stock experienced a significant increase of nearly 9% due to a combination of positive catalysts that enhanced sentiment in the memory sector, particularly following Micron's strong earnings report and optimistic guidance [1] Company Summary - SanDisk's stock price surged nearly 9% on Thursday, indicating strong market reaction [1] - The rally in SanDisk's stock is attributed to favorable developments in the memory sector, particularly driven by Micron's impressive earnings performance [1] Industry Summary - The memory sector is witnessing a positive sentiment shift, largely influenced by Micron's "blowout" earnings and bullish guidance, which has had a ripple effect on other companies like SanDisk [1]