S&P upgrades SanDisk to BBB as AI memory demand drives cash flow past $23B

Investing.com -- S&P Global Ratings upgraded SanDisk Corporation (NASDAQ:SNDK). to 'BBB' from 'BB+' on Monday, citing a sharp surge in artificial intelligence-driven demand for memory chips and a pristine, debt-free balance sheet. The credit rating agency maintained a stable outlook for the NAND flash memory producer, highlighting robust cash generation and significant financial cushion to absorb potential industry downturns.