Sandisk forecasts upbeat quarterly revenue on AI-driven demand
Sandisk anticipates higher quarterly revenue, fueled by robust demand for AI data center memory chips. The company is now prioritizing long-term purchase agreements, with a median duration of four years. These agreements represent a significant shift in business strategy for Sandisk. Generative AI growth is boosting demand for their enterprise solid-state drives and flash memory. Sandisk's data center revenue more than doubled in the fourth quarter.
What's Your Reaction?
Like
0
Dislike
0
Love
0
Funny
0
Wow
0
Sad
0
Angry
0
Comments (0)