SanDisk

SanDisk positioned itself at the Citi Global TMT Conference as an important supplier for AI and data centers, reported $3bn in data-center revenue (38% of sales) and $5bn in free cash flow. Management aims for 50% of shipped bits to be covered by long-term new-business-model contracts by fiscal 2028 and has completed $4.5bn in share buybacks. SanDisk highlights its technology roadmap (BiCS8–11, HBF products 2027) and a long-term TAM increase from $50bn to $500bn by 2027, but warns of competitive and technology risks and emphasizes selective contract wins to protect margins. » More on de.investing.com

David Tepper's Appaloosa holds about 77% of its portfolio in AI-related names, with top positions in Amazon, Taiwan Semiconductor and Nvidia. In Q2 he liquidated his entire Sandisk stake after the stock rallied over 3,000% year‑over‑year, a move the firm attributes to profit‑taking. The note also flags Sandisk's historical cyclicality as a potential reason for the sale. » More on finance.yahoo.com

Since the spin-off from Western Digital, SanDisk has rebounded markedly thanks to sharply rising demand for flash memory for AI data centers and posted revenue of $20.25 billion in fiscal 2026, driven by a 437% increase in its datacenter business. The stock climbed sharply after the 2025 IPO but experienced high volatility and fell by about 57% within weeks in the summer. Analysts and investors see a risk‑reward profile: strong growth needs to be stabilized, while competition, supply cycles and rising expectations can trigger setbacks. » More on finanzen.net