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SanDisk (SNDK) Stock Jumps 11% After Apple Says It Can’t Absorb Memory Costs Anymore

By Trader Edge at 2026-06-18 12:46

Sentiment: Negative

TLDR SanDisk stock jumped 10.9% and hit a new 52-week high of $2,175.88 on June 18 Apple CEO Tim Cook told the WSJ that iPhone price increases are “unavoidable” due to soaring memory costs SanDisk’s most recent quarterly revenue hit $5.95 billion, up 251% year-over-year, with gross margin at 78.4% The company’s full 2026 production [...] The post SanDisk (SNDK) Stock Jumps 11% After Apple Says It Can’t Absorb Memory Costs Anymore appeared first on CoinCentral. Continue reading...

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