Western Digital and Sandisk crush Wall Street’s expectations on soaring AI demand, but stocks fall

Western Digital and Sandisk crush Wall Street’s expectations on soaring AI demand, but stocks fall

Western Digital Corp. and Sandisk Corp. delivered stellar earnings and revenue beats thanks to the skyrocketing price of memory chips and other compute infrastructure amid a global supply crunch. Both companies crushed Wall Street’s expectations on earnings and revenue as the artificial intelligence boom continues to gobble up memory as fast as they can make […] The post Western Digital and Sandisk crush Wall Street’s expectations on soaring AI demand, but stocks fall appeared first...

Original Source

Read the full article at Siliconangle →

KhanList aggregates and links to publicly available news content. We do not host full articles from third-party sources. Always verify important information with original sources.