Sandisk (SNDK) Jumps 21.6% as Profits Spike

Sandisk capped disconnected trading higher by 21.6 percent week-on-week arsenic investors gobbled up shares aft reporting a 672 percent nett income enlargement and gunning for arsenic overmuch arsenic a 183 percent gross leap successful the 3rd 4th of the year.

In an updated report, Sandisk Corporation (NASDAQ:SNDK) said that nett net surged to $803 cardinal from lone $104 cardinal successful the aforesaid play past year, portion operating income climbed by 446 percent to $1.065 cardinal from $195 million.

Photo from Sandisk's website

Revenues, connected the different hand, roseate by 61 percent to $3.025 cardinal from $1.876 billion, with the bulk owed to the Edge conception astatine $1.678 billion, followed by user astatine $907 million, and information halfway astatine $440 million.

Data halfway revenues unsocial were driven by the beardown adoption among AI infrastructure developers, semi-custom customers, and exertion companies deploying AI astatine scale.

For the 3rd 4th of the year, revenues are targeted astatine a scope of $4.4 cardinal to $4.8 billion, oregon an implied enlargement of 159 percent to 183 percent from the $1.695 cardinal reported successful the aforesaid play a twelvemonth earlier. Gross margins are expected to beryllium astatine 64.9 percent to 66.9 percent.

While we admit the imaginable of SNDK arsenic an investment, our condemnation lies successful the content that immoderate AI stocks clasp greater committedness for delivering higher returns and person constricted downside risk. If you are looking for an highly inexpensive AI banal that is besides a large beneficiary of Trump tariffs and onshoring, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published at Insider Monkey.