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Sandisk (SNDK) stock trades volatile ahead of Aug. 5 earnings. Wall Street expects $33.38 EPS as AI memory demand remains in focus.
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Micron CEO Sanjay Mehrotra states that AI infrastructure demand has fundamentally changed the memory industry from cyclical to structural growth. Data center memory demand exceeds supply by 50%, with additional demand from autonomous vehicles and edge AI devices. Recent memory stock sell-offs present attractive buying opportunities as the sector is poised for long-term growth.
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Read original at benzingaHere's why top memory stocks like SanDisk, Micron, and Western Digital are still cheap despite elevated cyclical and AI bubble worries.
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Read original at benzingaSandisk (SNDK) stock edged up 0.5% Wednesday as tech shares rose. Read technical analysis, analyst ratings, and price targets.
Read original at benzinga