Why did Sandisk move?
Written after the close on
Sandisk slipped slightly over the last five trading days, a mild dip that outpaced a slightly weaker broad market while the technology sector held roughly flat, and the latest price is from the close of the most recent session. The move looks mostly like profit-taking after a long climb rather than any company setback, since analysts kept bullish ratings on the stock and pointed to long-term supply contracts and booming demand for NAND flash — the memory chips used in solid-state drives for data centers — with datacenter storage now a large share of its output. Watch the late-October earnings report, where Wall Street expects revenue to keep climbing on AI storage demand.
Next report: · Add to calendar · Google Calendar