$SanDisk Corp.(SNDK)$ SanDisk is moving up steady last week.
It is due to the biggest AI hyperscalers - that is, large cloud-services and technology providers like Amazon.com (AMZN), Alphabet $(GOOGL)$ $(GOOG)$, Meta Platforms (META), Microsoft $(MSFT)$ and Oracle $(ORCL)$ - will spend $755 billion on capital expenditures this year, an 83% jump, Goldman Sachs analysts said in a note on Thursday. To help facilitate that, those companies cut buybacks by nearly two-thirds in the first quarter.

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