Sandisk stock rises 13% as CoreWeave’s strong quarter lifts AI memory names

CoreWeave beat estimates, raised 2026 guidance, and plans to spend up to $39 billion on infrastructure, giving memory suppliers a morning rally CoreWeave reported third-quarter results after the bell on November 10. By the next morning, one of the biggest beneficiaries was a company that doesn’t rent out a single GPU. Shares of Sandisk, which makes memory chips that go into AI data centers, were up 13% as of 10:10 a.m. ET on November 11. CoreWeave itself was up 20.3% at the same moment. CoreWeave, which sells specialized GPU computing capacity to AI customers, posted Q3 2026 revenue of $3.66 billion. That figure came in above what analysts hoped for and represents a 168% increase from the same quarter a year earlier.

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