🟢 SNDK up 7.25%, continuing rally from record AI-fueled earnings and $6B buyback

SNDK is trading at $1437.08 (+7.25%), extending its powerful rally following its massive earnings beat and buyback announcement on May 1.

• The stock's primary driver is its record Q3 report, where revenue surged 251% year-over-year to $5.95 billion, fueled by strong demand for its AI and data center products. [1, 2, 16]
• Investor confidence was further boosted by the announcement of a new $6 billion share repurchase program. [2]
• The stock is also benefiting from a broader rebound in the semiconductor sector and easing geopolitical tensions. [3, 20]