Sandisk (SNDK) Gets 20% Boost from Upbeat NAND Market Outlook

Sandisk jumped by 20.14 percent week-on-week arsenic investors loaded portfolios amid the company’s highly optimistic outlook for the NAND market, supported by the rapidly increasing investments successful the artificial quality industry.

In an net telephone precocious past week, Sandisk Corp. (NASDAQ:SNDK) CEO David Goeckeler said that the increasing investments successful information centers and AI infrastructures are “creating a beardown tailwind” for the company’s high-capacity power-efficient solid-state drives.

In enactment with the outlook, Sandisk Corp. (NASDAQ:SNDK) said it projects revenues successful the 2nd 4th of the twelvemonth to deed $2.55 cardinal to $2.65 billion, with diluted net per stock of $3 to $3.40.

Also past week, Sandisk Corp. (NASDAQ:SNDK) announced its net show successful the past 4th of the year, with nett income declining by 47 percent to $112 cardinal from $211 cardinal successful the aforesaid play past year. Revenues, connected the different hand, jumped 23 percent to $2.308 cardinal from $1.883 cardinal year-on-year.

While we admit the imaginable of SNDK arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.