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[SanDisk fell more than 8.8% after opening, single-quarter revenue increased 378% year-on-year, but was still under sell-off] On October 30, SanDisk’s US stock price fell more than 8.8% after opening. The company's revenue in the first fiscal quarter was US$11.031 billion, a year-on-year increase of 378%; non-GAAP earnings per share were US$49.51, and the gross profit margin reached 85%. The company expects revenue in the second fiscal quarter to be US$12.2 billion to US$12.6 billion, but strong performance has failed to prevent the stock price from falling. Market concerns about high valuations and the sustainability of memory chip prices have increased.
U.S. stock trends 🕐 2026-10-30 21:30
#chip #U.S. stock trends
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