Why Is Sandisk Stock Up on Friday?

Sandisk Corp (NASDAQ:SNDK) stock is up on Friday after being down in the morning, during a broader pullback in the semiconductor memory sector driven by profit-taking.

Nasdaq futures are down 0.26% while S&P 500 futures were little changed.

• SanDisk stock is showing upward movement.

What’s pushing SNDK stock higher?

Today’s initial losses and gains followed a gain for Sandisk stock on Thursday trading. That rise came after AI bellwether NVIDIA Corp (NASDAQ:NVDA) reported a quarterly blowout and provided a positive forecast, before Sandisk stock reversed course.

Nvidia Cites Memory Cost Pressures On Wednesday, Nvidia reported second-quarter revenue of $96 billion and guided for fiscal 2028 revenue to grow approximately 70%.

However, Nvidia projected gross margins to decline from 75% in the second quarter to 71%–72% in the fourth quarter. Nvidia CFO Colette Kress attributed ...