On July 31, SanDisk Corp. rose 3.28% in after-hours trading, trading at approximately $1,322.57/share, with turnover of $4.33 billion, extending the stock's intraday surge of over 25% during regular hours.

On the news front, ARM's fiscal Q1 earnings significantly exceeded expectations, with revenue rising 22% year-over-year to $1.289 billion versus estimates of $1.26 billion, and adjusted EPS of $0.45 beating the $0.40 consensus. This result served as the primary catalyst for a broad semiconductor sector rally, with the Philadelphia Semiconductor Index gaining over 5% during the session.

SanDisk had previously suffered severe losses throughout July, with its market capitalization shrinking over 50% from its peak amid concerns over CXMT's IPO intensifying global memory competition and fears that NVIDIA's circular financing model for AI infrastructure was artificially inflating demand. The current rebound carries clear characteristics of an oversold recovery. Wall Street maintains bullish coverage, with Susquehanna targeting $3,050 and Evercore ISI targeting $3,100, both far above current levels. SanDisk is scheduled to report quarterly earnings on August 5, with consensus EPS of $33.28.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)