Sandisk stock price jumps after AI-fueled outlook; Kioxia deal and analyst calls in focus
· Source: ts2.tech
In short
Sandisk shares surged nearly 5% following an optimistic profit forecast driven by increased demand from AI infrastructure, with the company projecting fiscal Q3 revenue between $4.4 billion and $4.8 billion. The flash-storage maker's rally is significant as NAND flash memory faces growing demand from data centers supporting AI workloads, while the company also extended its joint venture agreement with Kioxia through 2034. Analysts upgraded the stock amid what they describe as a 'stunning imbalance' in the NAND market sparked by AI inference demand.
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Tags: storage, memory, semiconductors, supply-chain, datacenters, NAND