Sandisk Soars on AI Memory Demand | Business and Finance News

Sandisk’s stock is soaring, up 57% year to date, fueled by explosive demand for NAND flash memory powering AI infrastructure. With a massive shortage driving growth, the company’s data center revenue jumped 251% last quarter, turning a loss into $23/share earnings. New 3D NAND tech and locked-in multiyear contracts ensure stability as analysts predict another 57% to 91% upside. AI’s hunger for storage is reshaping Sandisk into a less cyclical powerhouse — but don’t forget to check other high-growth plays. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/303b28f142c7d12b