SanDisk Stock Plunges Despite Earnings Beat as NAND Pricing Growth Slows

thecryptobasic2026-10-30 13:06:38

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SanDisk Stock Plunges Despite Earnings Beat as NAND Pricing Growth Slows

SanDisk Corporation (NASDAQ: SNDK) shares plunged nearly 9% to approximately $1,216 in Friday's premarket trading despite reporting stronger-than-expected fiscal first-quarter earnings and issuing an upbeat outlook. The decline came amid concerns about slowing NAND flash memory price increases and the sustainability of the chipmaker's unusually high profit margins.

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