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SanDisk profit and revenue surge on AI driven demand
SanDisk posted strong profit and revenue growth as AI driven data centre demand boosted storage sales and pricing power.
SanDisk reported a sharp jump in profit and revenue as demand for AI related data storage surged. Higher sales of flash memory for data centres and enterprise customers lifted margins. The company benefited from tighter supply conditions and improved pricing power. Management said AI workloads are accelerating storage needs, supporting a stronger outlook despite lingering cyclicality in the broader semiconductor market over coming quarters ahead.