#sandisk Tech News.
2 stories in the last 7 days
The latest sandisk news, distilled by AI into sharp ~100-word summaries. ByteBrief tracks sandisk across dozens of tech sources and brings you only what matters, updated hourly. Tap any story for the full brief, or open the original source.
Sandisk stock rose 4500% in the past year due to data center demand for NAND memory. The surge follows supply shortages from slow production ramp-up at memory chip foundries. Sandisk revenue and profits increased alongside memory price spikes. Nvidia stock gained similar returns since 2020 from AI GPU demand. Both companies benefit from data infrastructure growth, but Sandisk's supply constraints remain a key factor.
Sandisk stock rose 54.6% in May after reporting Q3 non-GAAP earnings of $23.41 per share on $5.95 billion in sales. Sales increased 251% year over year and gross margins reached 56.04%. Analysts raised price targets following the beat on expectations of $14.66 earnings and $4.7 billion sales. The stock declined in June amid market cooling and negative reaction to Broadcom's quarterly report.
Summaries by ByteBrief