Sandisk

Parnassus Growth Equity Fund added Sandisk as a new position, citing a surge in NAND flash demand from data centers and AI workloads. The fund sees an attractive upcycle due to accelerating AI-driven storage needs and constrained supply. Sandisk’s shares have rallied strongly over the past year and the company has a market capitalization of about $224 billion. » Plus sur finance.yahoo.com

SanDisk confirmed rapid growth for the fourth fiscal quarter: quarterly revenue rose 372% year over year to $8.97 billion. The increase was driven primarily by the data-center business, which more than doubled to $2.97 billion. The company has secured long-term AI multibillion-dollar contracts and launched a new share buyback program. » Plus sur finanzen.net

Sandisk jumped 11.9% as August results highlighted data center growth and management disclosed five new business-model agreements since April. Professional ownership increased into the quarter, with more hedge funds holding Sandisk and some large disclosed positions rising. Bull thesis cites AI-driven enterprise storage demand and tight NAND supply supporting pricing; bear case points to NAND cyclicality, inventory swings and execution risk for the newly independent company. Key near-term proof points are pricing trends, data-center revenue mix and contract volumes. » Plus sur finance.yahoo.com