TradingKey – As of August 31, Eastern Time, SanDisk (SNDK) stock rebounded strongly, closing up 5.5% for the day and reaching an intraday high of $1,572.69, with a trading volume of approximately 23.38 million shares, significantly higher than recent average levels. However, compared with the high of $2,354.39 reached earlier this year, SanDisk is still down about 33% from its peak, with the stock currently in a consolidation and recovery phase following the previous sharp rally.

SanDisk’s fundamentals remain supported by rising NAND prices and AI data center demand. The company’s latest quarterly revenue reached $8.965 billion, up 51% quarter-over-quarter, with data center revenue reaching $2.977 billion, up 103% quarter-over-quarter;…