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Sandisk Soars on Data Center Boom
30 Oct
Summary
- Stronger-than-expected results posted by Sandisk.
- Data center buildout significantly drives demand.
- Memory supply crunch keeps prices elevated.
Sandisk Corporation has reported financial results that exceeded expectations, buoyed by the ongoing expansion of data centers.
This surge in demand, coupled with a notable crunch in the memory supply chain, has allowed Sandisk to maintain elevated prices for its products.
The company has projected revenue for the fiscal second quarter to fall within the range of $12.20 billion to $12.60 billion. This forecast notably surpasses the revenue estimates previously set by industry analysts.
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