Sandisk surges as robust AI demand powers blowout forecast

Core Viewpoint - Sandisk shares experienced a significant rally following the company's projection of third-quarter profit and revenue that exceeded analysts' expectations, alongside the extension of a major supply deal, driven by a surge in AI-related demand [1] Group 1 - The company projected third-quarter profit and revenue well above analysts' estimates [1] - Sandisk extended a major supply deal, indicating strong business relationships and future revenue stability [1] - The surge in demand driven by AI applications is a key factor contributing to the company's positive outlook [1]