Sandisk’s market cap jumps to $265 billion
Sandisk’s market value has increased significantly, from $7.3 billion to $265 billion, due to a surge in demand for memory.
The company’s earnings per share were $23.41 in the first quarter, exceeding expectations of $14.66.
Sandisk’s revenue in Q1 was about $6 billion, a fraction of the trillion dollars being spent on AI this year.
The shift towards inference in AI has driven the demand for ultra-fast, low-latency storage retrieval, benefiting Sandisk.