SNDK is trading at $591 (+4.5%) in pre-market after Morningstar raised its fair value estimate following strong Q4 earnings and significant AI hardware growth.
- The stock is rebounding from yesterday's 8.7% drop to $565, marking the firm's largest upward revision this season.
- The recovery follows recent volatility driven by memory sector selloffs and geopolitical tensions, now supported by strong AI demand tailwinds.
- The move aligns with a broader uptick in futures (+0.2-0.5%) as the market reacts to the positive earnings report.