**Key Points**
Sandisk (NASDAQ: SNDK) saw a significant stock surge of 6.6% by 12:05 p.m. on Monday following a report from Canadian private equity firm Lynx Equity. The report suggests that despite SpaceX’s recent IPO, which valued the company at approximately $2.3 trillion and raised $75 billion, there remains potential for investors to profit from investing in Sandisk, particularly as SpaceX is expected to spend heavily on semiconductors for its AI business.
Lynx Equity posits that while SpaceX is traditionally viewed as a space company, its AI operations could skyrocket, potentially reaching a market valuation of $30 trillion annually. This shift could increase demand for memory and AI chips, benefiting companies like Sandisk and Nvidia. As of now, Sandisk is valued at 23 times its sales, making it significantly cheaper than SpaceX’s valuation.
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