Sandisk on Thursday reported 251% jump in its third quarter revenue that sailed past Wall Street expectations helped by strong demand for datacenter offerings and higher prices.
Wall Street has grown increasingly bullish on SanDisk in recent weeks, citing tight NAND supply, strong AI infrastructure demand for memory. Investors are looking at SanDisk’s enterprise solid-state drive business, which analysts say is poised for share gains. The upcoming ramp of BiCS8-based QLC enterprise SSDs is expected to reinforce SanDisk’s data center bit growth, average selling price tailwinds and margin expansion.
https://finance.yahoo.com/markets/stocks/articles/sandisk-q3-revenue-surges-251-205900118.html
SanDisk Q3 revenue surges 251%, crushes Wall Street targets on datacenter growth
byu/app1310 instocks
Posted by app1310
3 Comments
Why is it down atm, 2.5x surge is huge?
And it’s down
This is the most hilarious thing to watch, earnings and guidance is amazing. Stock is down. When a company like Tesla lies to people and sales are crap, AH surges.
Irrational as always