SanDisk Gains 5%: 3 Reasons the Memory Supercycle Is Far From Over
SanDisk Corporation shares rose 5% after an 18.5% decline last week, driven by fears over Google's TurboQuant memory compression algorithm. The company's investment in Nanya Technology and strong demand for AI storage are expected to drive growth, with analysts reaffirming their positive ratings.
SanDisk shares bounced back 5% after a recent decline. The company's investment in Nanya Technology secures DRAM supply and positions SanDisk to benefit from price strength. Analysts expect strong demand from hyperscalers and AI inference applications. SanDisk reported a 61% year-over-year revenue increase and $803 million in net income. The company guided Q3 revenue of $4.4-4.8 billion with non-GAAP gross margins of 65-67%. SanDisk's financial trajectory and strong fundamentals support its growth.
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