Sandisk’s rally accelerates as earnings blowout underscores looming NAND supply crunch
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.