Sandisk surges nearly 14% after Investor Day! Long-term contracts aim to secure revenues!

Growth targets by 2030: Annual sales increase aimed in the mid to high teens range. Margin stability: Target values set at around 80% gross margin and 50% free cash flow margin. Risk reduction: Quintupled long-term contracts secure two-thirds of bit capacities for 2028. An ambitious long-term model until the fiscal year 2030 and the massive expansion of multi-year supply contracts propelled Sandisk's (SNDK) stock up by nearly 14% to over $15.28. The storage specialist directly addresses the market's main concern, the looming price decline...