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#SanDiskEarningsSelloff

15.3M viewing|1.8K post

About SanDiskEarningsSelloff

SanDisk’s Q1 revenue grew 378% YoY, with Q2 guidance beating expectations. It also announced an eight-for-one stock split, with split-adjusted trading expected Nov 20. Yet shares fell 13.47% Oct 30 after gaining ~460% year to date, as Micron and Western Digital also faced selling pressure. Has the memory sector’s growth outlook already been priced in, and can future earnings support current valuations?

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