Sandisk is a NAND flash and storage products company that began operating as a standalone business after its spin-off from Western Digital. Recent coverage cites first standalone-year revenue of $20.25B, Q4 revenue of $8.9B and full-year data-center revenue of $5.2B, while also noting that memory stocks have lost momentum after an AI-driven first half and that China's CXMT unveiled a new memory chip, raising overproduction concerns.
Sandisk Posts Strong Results, Upbeat Outlook on AI DemandSandisk reported stronger-than-expected results and guidance, driven by data center buildout demand and a memory supply crunch that kept prices elevated.
Memory stocks lose momentum despite strong earningsSandisk, Micron, Seagate and Western Digital were among the H1 stock-market winners on insatiable AI build-out demand, but according to the report memory stocks have now lost their mojo, with strong earnings failing to help.
AI euphoria fades as chip stocks slump nearly 9% in a weekAI-related stocks fell sharply as China's CXMT unveiled a new memory chip, stoking overproduction fears, and US September inflation came in above expectations; the SOXX index dropped nearly 9% over five sessions. Investors are questioning whether hundreds of billions in AI spending will deliver expected profits.
Prediction: an AI memory stock to soar after Sept. 30The piece examines the memory supercycle and the linked performance of Sandisk and Micron. It reports Sandisk's first standalone year revenue of $20.25B, Q4 revenue of $8.9B, Q4 data-center revenue $2.9B and full-year data-center $5.2B, highlighting NAND price strength and rising data-center mix.
The A.I. Daily