News about SNDK

SanDisk (SNDK) closed at $1,394.83 on October 15, giving it a market value of $265.98 billion, above the $170.78 billion of Western Digital, the parent that separated it out. The flash memory maker has grown sharply as AI-driven demand for data center storage pushed revenue up 371.6% from a year earlier in the latest quarter, and the shares are up 901.24% over twelve months. Operating margin reached 78.47% of revenue, but the article notes SanDisk has not yet operated through a full cycle on its own, and that producers' decisions to add capacity could later create oversupply. The stock trades at 8.04 times next year's expected earnings, far below its trailing multiple, and the article reads this as the market refusing to pay a premium for earnings that may not survive a full cycle.