On August 5, SanDisk Corp. rose 3.09% overnight, trading at 1475.44 USD/share, with turnover of $289 million.

On the news front, SanDisk and Kioxia jointly unveiled their 10th-generation QLC 3D flash memory technology, marking the first QLC 3D flash to achieve a 4.8 Gb/s interface speed, with significantly improved read and write bandwidth compared to the 8th generation. Additionally, SK Hynix and SanDisk published the first global standard specification for High Bandwidth Flash (HBF), a next-generation storage tier positioned between HBM and SSDs supporting up to 512GB capacity and 0.4-3.0 TB/s bandwidth. Google and Tenstorrent have joined the HBF alliance.

SanDisk is scheduled to report fiscal quarter earnings after market close on August 5, with consensus estimates of $83.94 billion in revenue and adjusted EPS of $34.45. Following a cumulative 47% decline in July, buy-the-dip capital has continued to flow in as investors view the prior selloff as having overly reflected pessimistic expectations.

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