SanDisk shares jump over 13% as CoreWeave posts strong Q3 results and raises 2026 outlook
AI infrastructure provider CoreWeave reported third‑quarter revenue of $3.661 billion, up about 168% year‑over‑year, and lifted its full‑year 2026 revenue guidance to $13.0‑$13.3 billion while expanding capital spending to $37‑$39 billion. The news sparked a 13%‑13.8% rally in SanDisk stock, supported by a 61% sequential rise in the company’s data‑center revenue to $4.8 billion and expectations of higher memory demand from CoreWeave’s increased spending. A technical bounce from an oversold condition and anticipation of an 8‑for‑1 split added further buying pressure.
Why it matters
The company expects higher demand for its NAND flash chips as CoreWeave’s larger capital budget translates into more memory purchases, potentially boosting SanDisk’s revenue. The stock’s sharp rise also reflects a technical rebound that may attract short‑covering and bargain‑hunter activity.
Key facts
- 1CoreWeave reported Q3 revenue of $3.661 billion, up roughly 168% year‑over‑year. investing.com
- 2CoreWeave raised its full‑year 2026 revenue guidance to a range of $13.0 billion to $13.3 billion. finance.yahoo.com
- 3CoreWeave increased its 2026 capital‑spending outlook to $37 billion‑$39 billion. finance.yahoo.com
- 4SanDisk’s data‑center revenue grew 61% sequentially to $4.8 billion. investing.com
- 5SanDisk shares rose 13.8% in morning trading. investing.com
- 6SanDisk shares rose about 13% according to a later report. finance.yahoo.com
Summary written by AlphAI AI Desk from 2 of 2 sources. Not investment advice. Figures are as stated by the linked sources.