Sandisk Stock Soars As Memory-Chip Maker Smashes Estimates

Core Insights - Sandisk significantly exceeded consensus estimates for its fiscal second-quarter results, leading to a surge in its stock price during extended trading [1] Financial Performance - Sandisk reported an adjusted earnings of $6.20 per share on sales of $3.03 billion for the quarter ended January 2 [1] - Analysts had anticipated earnings of $3.62 per share on sales of $2.69 billion, indicating a substantial outperformance [1] Market Reaction - Following the announcement of its strong financial results and guidance, Sandisk's stock experienced a notable increase [1] - The memory-chip sector is being referred to as "the new gold," highlighting the growing investor interest in memory stocks [1]