TLDR
SanDisk stock gained 8.60% to $933.98 in Wednesday’s premarket trading at 9 a.m. Eastern.
CoreWeave raised its 2026 capital spending outlook to $37–39 billion.
CoreWeave reported third-quarter revenue of $3.661 billion, compared with $1.365 billion a year earlier.
CoreWeave disclosed a multiyear agreement with Solidigm for priority enterprise SSD capacity.
Sandisk’s fiscal first-quarter data-center revenue increased 61% sequentially to $4.802 billion.
Sandisk expects split-adjusted trading to begin November 20 following its eight-for-one stock split.
At 9 a.m. Eastern, Sandisk ( NASDAQ: SNDK ) traded at $933.98, up 8.60%. The rebound coincided with CoreWeave’s stronger AI infrastructure outlook and broader gains across memory stocks.
Sandisk Corporation, SNDK
Sandisk closed Tuesday at $859.99, down 2.99%, according to market data . The advance followed a steep selloff, including a 22.26% slump on November 5.
CoreWeave Raises Capital Spending
CoreWeave reported $3.661 billion in third-quarter revenue on November 10. It also increased its full-year 2026 sales outlook to $13 billion–$13.3 billion.
The AI cloud provider now expects 2026 capital spending between $37 billion and $39 billion. Previously, its projected range started at $35 billion, while the upper limit remained unchanged.
CoreWeave’s net interest expense reached $846 million, compared with $310 million a year earlier. It forecasts fourth-quarter interest expense of 1.05billion–1.15 billion. Those costs illustrate the financing demands behind AI infrastructure expansion.
Its outlook signals planned infrastructure investment despite recent concerns about slowing AI deployment. However, CoreWeave’s spending forecast does not represent a confirmed purchase commitment to SanDisk.
CoreWeave also disclosed a multiyear agreement securing priority enterprise SSD capacity from Solidigm. Its announcement named Solidigm, not SanDisk, as the supplier under that agreement.
Blockonomi reported a roughly 15% premarket increase in CoreWeave shares following its earnings announcement. The report also examined the company’s funding costs and rising interest expenses.
Sandisk’s Data-Center Sales Rise
Sandisk’s October 29 earnings release provides a company-specific measure of demand. Fiscal first-quarter 2027 revenue reached $11.03 billion, increasing 23% sequentially.
Data-center sales totaled $4.802 billion, rising 61% from the preceding quarter. These sales provide direct evidence of SanDisk’s data-center exposure, unlike Wednesday’s broader stock rebound.
SanDisk expects fiscal second-quarter revenue between $12.2 billion and $12.6 billion. That forecast remains management guidance, not realized sales.
Still, earlier revenue growth cannot establish that customer orders accelerated this week. No new SanDisk earnings announcement accompanied the early Wednesday move.
Stock Split Dates Approach
SanDisk’s previously announced eight-for-one forward stock split also approaches. Shareholders of record on November 9 are scheduled to receive seven additional shares per existing share.
The company plans to issue those shares after trading closes on November 19. Post-split trading is expected to begin November 20.
SanDisk said the split will not change its market capitalization or shareholders’ proportional ownership. It should not be confused with fresh investment or a change in operating performance.
Wednesday’s premarket prices may shift after the regular session opens. The available disclosures support a sector-wide sentiment rebound, not a newly announced SanDisk supply contract.
The post SanDisk (NASDAQ: SNDK) Stock Jumps as CoreWeave Raises Spending Outlook appeared first on Blockonomi .
