Sandisk spiked Thursday as Bernstein boosted its earnings estimates for the company, with analysts raising their price target to $1,250 from $1,000, the most optimistic view of the 23 analysts polled by Bloomberg.

The gains come amid a fairly subdued day for broad indexes and other AI memory plays like Micron, Seagate Technology Holdings, and Western Digital.

Bernstein’s more bullish view comes after a surge in prices of NAND flash memory based on AI demand. (NAND flash is used for long-term data storage and is also a key input to consumer products like phones and other devices.)

“Memory prices continue to surprise to the upside with NAND showing the strongest increases and continued acceleration,” Bernstein wrote.

The analysts — led by Mark C. Newman — raised their base case for next fiscal year’s adjusted earnings per share by 58% to $144, from $91. (That new forecast now blows away the Wall Street consensus estimate of $94.07, per FactSet.) The new price target implies a gain of roughly 50% from where the stock is currently.

Bernstein analysts even threw out a “blue-sky scenario” price target of $3,000 for Sandisk, should an even more bullish scene play out for both earnings and market valuations.

Up nearly 250% this year, Sandisk has been the best-performing stock in the S&P 500. It reports earnings on April 30 after the close.

Quantum technology firm Infleqtion is booming in early trading after announcing that it would be providing upgraded quantum hardware to the International Space Station as part of a cargo mission slated to launch as early as Friday.

The equipment “is designed to support the stable and simultaneous production of dual-species quantum degenerate gases using rubidium and potassium atoms, one of the long-standing scientific objectives of the mission,” per the press release, and will expand the Cold Atom Laboratory’s ability “to investigate ultracold matter and demonstrate advanced quantum sensing in space, under real operating conditions.”

After the close on Wednesday, the company said it was targeting sales of $40 million this year, which if achieved would have revenue growth accelerating to 23% from 12% in 2025.

“Space remains a particularly important market for us in a major area of growth,” CEO Matt Kinsella said during a conference call on Wednesday, highlighting that the company has partnered with NASA for over a decade.

Read more: Infleqtion CEO Matt Kinsella on how the newly public quantum computing company is “following in the footsteps of Nvidia”

CoreWeave announced that it’s significantly boosting its sales of AI computing capacity to Meta.

The neocloud will now provide an additional $21 billion in AI compute to the social media giant through December 2032.

CoreWeave had previously booked a $14.2 billion deal back in September that included an option to expand the commitment, which has been exercised with today’s announcement along with new compute purchased.

Shares jumped in premarket trading, but gave all that advance and then some to trade down 3.5% as of 10:10 a.m. ET.

CoreWeave recently closed a financing deal that management billed as the first of its kind, as it was backed by its chips and Meta’s AI compute purchase. This ability to effectively borrow Meta’s superior creditworthiness helped CoreWeave reduce its cost of debt.

Separately, CoreWeave also announced that it intends to issue $3 billion in senior convertible notes due in 2032 and $1.25 billion in senior notes due in 2031 in separate private offerings.

“As spending on AI infrastructure continues to accelerate so does the need for additional debt funding, with both Meta and CoreWeave likely to continue to tap debt markets as their cloud capacity agreement expands,” wrote Bloomberg Intelligence credit analysts Robert Schiffman and Alex Reid.

Update (10:34 a.m. ET): A previous version of this post erroneously stated that the $21 billion deal was inclusive of the prior $14.2 billion in purchase commitments.

STAAR Surgical rose more than 20% in premarket trading after it gave preliminary Q1 sales numbers that crushed Wall Street expectations, which it attributed to booming sales in China and the Americas.

The company, which sells eye implants, said in a press release published Wednesday that it expects to report revenue north of $90 million in the current quarter, compared to the $73 million analysts polled by FactSet are currently penciling in.

The company said sales in China “accounted for the majority of the increase in net sales, along with continued double-digit growth in the Americas.” It also noted that sales in the Middle East “were negatively affected by significant geopolitical and macroeconomic challenges, resulting in a decline in sales in parts of those regions.”

The stock is up nearly 21% as of 6:25 a.m. ET, having fallen more than 11% from the start of the year to yesterday’s close.

Quantum computing firm Infleqtion said it’s aiming to book $40 million in sales this year as it released its 2025 results after the close on Wednesday.

That would be an increase of roughly 23% compared to the $32.5 million in revenues the company generated in 2025, and would mark an acceleration from growth of 12% last year.

The seller of quantum sensors and computers went public via a SPAC in February after carrying a pre-money valuation of $1.8 billion (well below other pure-play peers like Rigetti Computing, IonQ, and D-Wave Quantum).

“We did $29 million in revenue in 2024, and then we announced that we did $50 million of booked and awarded business in 2025. I think that sets a good foundation for significant revenue growth going forward,” CEO Matthew Kinsella told us in February. “I’ve always deeply believed that we need to develop that muscle of commercialization.”

JPMorgan strategist Arun Jain with the skinny on retail trading activity through 11:30 a.m. ET today:

“Retail investors are selling into today’s strength in both ETFs and Single Stocks. In ETFs, they are trimming their broad-based exposure — a major departure from their typical pattern.”

The SPDR S&P 500 ETF and ProShares UltraPro QQQ suffered particularly large outflows, per Jain.

The exceptions to the selling pressure are the Magnificent 7 stocks, he wrote, with Nvidia, Tesla, Meta, and Microsoft enjoying “small net purchases,” while Micron, TSMC, Exxon, and Chevron were the most dumped names.

Last week, Jain noted that retail traders had been “skipping the dips, selling into rallies, and positioning more defensively” with markets jittery amid the ongoing Mideast war.