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-0.00116760008707521 -0.000415586471670815 0.000316637311749273 0.00366111891710044 0.0039342185984841 0.00575884110743905 0.00821278027349555 0.00847004808929178
Stock impact report

Sandisk stock soars 14% after blowout earnings report showing overwhelming AI demand [CNBC]

FactSet Research Systems Inc. (FDS) 
Last factset research systems inc. earnings: 3/26 07:01 am Check Earnings Report
US:NYSE Investor Relations: investor.factset.com
Company Research Source: CNBC
The flash storage memory company reported 64% growth in its data center business. AI data center demand for the memory chips is causing a supply crunch across every tech sector. In this article Sandisk 's stock popped 14% after the company crushed Wall Street's fiscal second-quarter estimates, as the artificial intelligence boom sent demand for its chips skyrocketing. The flash storage memory company reported earnings of $6.20 per share, excluding items, blowing past the $3.62 per share expected by analysts surveyed by FactSet. Revenue totaled $3.03 billion, topping a forecast of $2.69 billion. Sandisk's third-quarter forecast also outpaced expectations for analysts. Sandisk guided for between $4.4 billion and $4.8 billion in revenue for the quarter. That blew away the $2.93 billion expected by FactSet. Memory companies like Sandisk are seeing a boost from skyrocketing memory need, as businesses race to funnel more storage supply into the power-hungry datacenter buildou Show less Read more
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