1113 ET - As next-gen AI models expand into areas beyond data centers, demand is growing for Sandisk, Mizuho analysts wrote in a note. The analysts see Sandisk as a leading player in the NAND flash market, with strong position in consumer, client and cloud markets. The company reported revenue and earnings per share above expectations in its most recent quarter, but also released weaker third-quarter guidance. Shares dropped 10% after hours Thursday, but analysts said the reaction was overdone as the company continues to see momentum in the NAND flash market. (natalie.weger@wsj.com; @NatalieWeger)
(END) Dow Jones Newswires
August 15, 2025 11:13 ET (15:13 GMT)
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