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AI storage boom lifts SanDisk outlook after major supply agreement
AI led storage demand has lifted SanDisk’s profit outlook, with a new supply deal, stronger pricing and data centre spending driving confidence.
SanDisk forecast a sharp profit rebound after securing a long term supply agreement, citing accelerating AI driven demand for high performance storage. Data centres, cloud providers and enterprise customers are increasing flash memory purchases to support AI workloads. Management highlighted pricing discipline, capacity optimisation and improved margins, while warning that industry cycles and competitive pressures could still influence near term earnings volatility globally this year