NVIDIA Corporation (NVDA) has seen a 53.7% increase in its shares over the past year but faces challenges due to China-related export curbs, which may impact profit margins. Meanwhile, Sandisk Corporation (SNDK) and Micron Technology (MU) have experienced massive gains of 4440.6% and 889%, respectively, driven by surging demand for AI-related memory products.
Sandisk reported revenues of $5.95 billion for the fiscal third quarter, a 97% increase sequentially, and projects Q4 revenues between $7.75 billion and $8.25 billion, reflecting strong pricing power and demand from data centers. Micron’s revenues are expected to rise to $33.5 billion in the fiscal third quarter, up from $23.86 billion in Q2, alongside a projected gross margin of around 81%, fueled by a global memory supply shortage exacerbated by AI demand.
5 Stocks Our Experts Predict Could Double In the Next Year
By submitting your email, you'll also get a free pivot & flow membership. A free daily market overview. You can unsubscribe at any time.
