**Sandisk (NASDAQ: SNDK) shares rose 6.4% on Thursday morning after Reuters reported a multi-year agreement to supply NAND flash memory to Meta Platforms (NASDAQ: META).** Meta is planning significant investments in AI infrastructure, with projections suggesting it could spend up to $145 billion this year.
The deal contributes to Meta’s broader strategy, which also includes purchasing DRAM from Samsung and fiber optic cables from Sumitomo Electric. While details of the contract remain unconfirmed, market speculation has positively influenced stocks of associated companies, including Broadcom (NASDAQ: AVGO) and Taiwan Semiconductor Manufacturing (NYSE: TSM), which are also expected to play significant roles in Meta’s AI chip development.
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