The Motley Fool
08 Jun 2026, 00:33 UTC · 12h ago
Why Sandisk Stock Skyrocketed 54.6% Last Month But Is Sinking in June
The Motley Fool
08 Jun 2026, 00:33 UTC · 12h ago
Story key points
4 claims · impact-rated
Sandisk reported fiscal Q3 non-GAAP earnings of $23.41 per share on $5.95 billion in sales, significantly beating analyst estimates of $14.66 EPS and $4.7 billion in sales. — A massive earnings and revenue beat typically triggers strong bullish momentum and upward price target revisions.
+0.80Sandisk's year-over-year sales grew by 251% in its most recent fiscal quarter. — Triple-digit growth indicates exceptionally strong demand and market share gains in the memory technology/AI space.
+0.70The May BLS jobs report showed 172,000 nonfarm payroll additions, far exceeding the 80,000 forecast. — Stronger-than-expected labor data increases the likelihood of Federal Reserve interest rate hikes to combat inflation, which pressures tech valuations.
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The market reacted negatively to Broadcom's quarterly report and forward guidance despite generally strong performance. — Negative sentiment toward a sector leader like Broadcom can drag down other semiconductor and AI-related stocks through contagion.
-0.40Ticker attribution
Model heads
The company reported blockbuster Q3 results that crushed expectations, though it is facing some short-term headwinds in June due to macroeconomic concerns.
The market had a negative reaction to the company's quarterly report and forward guidance.
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