SanDisk stock rises on AI storage demand

SanDisk shares jumped nearly 14% on August 13 after the company revealed a $93.9 billion customer backlog and announced plans to achieve 80% non-GAAP gross margins through fiscal 2030 during its Investor Day presentation. Chairman and CEO David Goeckeler said the milestone reflects progress from the company’s 18-month transformation plan, which aims to reposition SanDisk as a major beneficiary of…