MILPITAS, Calif. — Sandisk shares surged nearly 13% on Wednesday as strong results from artificial intelligence cloud provider CoreWeave revived investor appetite for memory and storage stocks that had been battered in recent weeks.

The flash memory maker rose $109.01, or 12.68%, to $969.00 in morning trading, giving the company a market value of about $136.7 billion. The stock closed at $859.99 on Tuesday, down 2.99%.

The rally followed CoreWeave's report late Tuesday that third-quarter revenue rose 168% to $3.66 billion. CoreWeave also raised its full-year outlook and reported a $132.5 billion backlog. It raised its 2026 capital spending outlook to $37 billion to $39 billion. That signals........

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