Core Viewpoint - Sandisk Corp. (NASDAQ:SNDK) has experienced a significant increase in stock price due to a positive outlook for the NAND market, driven by investments in artificial intelligence and data centers [1][2]. Financial Performance - Sandisk's revenue for the second quarter is projected to be between $2.55 billion and $2.65 billion, with diluted earnings per share expected to range from $3 to $3.40 [3]. - In the last quarter, Sandisk reported a net income decline of 47% to $112 million from $211 million year-on-year, while revenues increased by 23% to $2.308 billion from $1.883 billion [4]. Market Dynamics - The CEO of Sandisk highlighted that the growing investments in data centers and AI infrastructures are providing a strong tailwind for the company's high-capacity, power-efficient solid-state drives [2].
Sandisk (SNDK) Gets 20% Boost from Upbeat NAND Market Outlook