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.

Visit Website