Anthropic's $65B Run Rate Sparks 9% Sandisk Surge
Summary
Sandisk jumped 8.9% Monday after Anthropic disclosed its annualized revenue run rate hit $65 billion in July, up from $47 billion in May and roughly $9 billion at end-2025. The AI memory demand narrative is strengthening: Sandisk already has multiyear agreements covering about two-thirds of expected 2028 production capacity, and at its investor day projected mid-to-high-teen annual revenue growth for fiscal 2028-2030 with gross margins near 80%. The move follows a 15% surge on August 13 after the company's aggressive long-term roadmap. Memory peers Micron, Marvell, and Western Digital also rallied, confirming sector-wide momentum. Watch for continued AI capex commentary and any updates to Sandisk's capacity commitments.
At the time of this announcement, SNDK was trading at $1,804.00 on NASDAQ in the Technology sector, with a market capitalization of approximately $264.6B. The 52-week trading range was $42.82 to $2,354.39. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.