Sandisk reports Q1 revenue up 378% YoY to $11B, vs. $10.7B est., forecasts Q2 revenue above est., announces an 8-for-1 stock split; SNDK drops 4%+ after hours
THE SO WHAT
Sandisk nearly quintupling revenue to $11 billion yet trading down after hours shows how high the bar is for anything tied to AI and memory. If your thesis depends on “AI demand will lift all boats,” remember that markets are already pricing in explosive growth — surprises now have to be on durability and margins, not just top-line.
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