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Amid rising AI and data center demand, Sandisk delivered a blowout quarter. According to reports, the company posted revenue of $5.95B with 97% sequential growth, and guided for $7.75-8.25B revenue and $30-33 EPS next quarter.
Despite the strong numbers, Sandisk faces higher risk compared to rival Micron due to its pure-play NAND flash focus and reliance on hyperscaler demand. Micron's more diversified portfolio, including DRAM, provides a buffer. Per market data, Sandisk closed at $2,335 (June 25 close), while Micron closed at $1,161.36 (June 26 close).
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Sign InTraders are watching whether Sandisk can sustain its momentum amid fierce competition and AI demand volatility. The strong guidance supports a bullish case, but any pullback in data center spending could reverse gains. Key levels to watch: resistance at $2,348 and support at $2,092.