SanDisk (SNDK) Revenue Jumps 251% to $5.95B Amid AI Growth

SanDisk (SNDK) reported a 251% revenue increase to $5.95 billion, largely due to the rise in AI data creation. Seagate (STX) also showed strong results with revenue of $3.11 billion, a rise of 44.1%, and nearly quadrupled free cash flow to $953 million. Seagate maintains a gross margin of 47%, while SanDisk's gross margin improved to 78.4%. Both companies have seen their stock prices decline recently, with SNDK down 23% and STX down 19% in the past month, highlighting the high expectations already reflected in their valuations.