Sandisk’s rally accelerates as earnings blowout underscores looming NAND supply crunch
TL;DR Summary
Sandisk posted a standout quarter with revenue guidance nearly 60% above expectations and profit outlook well ahead of estimates, prompting Raymond James to upgrade the stock and flag a potential supply-demand imbalance in NAND that could keep demand outpacing supply for years. The stock jumped around 13% intraday, continuing a multi-year rally since its split from Western Digital.
- Sandisk’s stock gets ‘one of the most delayed upgrades in history’ after blowout earnings MarketWatch
- Sandisk stock soars 7% after blowout earnings report shows overwhelming AI demand CNBC
- Sandisk (SNDK) Jumps to All-Time High as Profit Soars 672% Yahoo Finance
- Sandisk’s 1,600% Rally Keeps Going After ‘Unprecedented’ Quarter Bloomberg.com
- Sandisk Profit, Revenue Jump on AI Demand The Wall Street Journal
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