The Zhitong Finance App learned that on Friday, US storage concept stocks fell collectively. SanDisk (SNDK.US) fell more than 9% at the beginning of the session, SK Hynix (SKHY.US) fell nearly 6%, and Micron Technology (MU.US) fell more than 3%. According to the news, SanDisk announced financial results for the first quarter of the 2027 fiscal year. Driven by a surge in demand for NAND flash memory driven by artificial intelligence infrastructure construction and rising product prices, the company's revenue for the quarter increased 378% year over year, and data center business revenue soared nearly 17 times. The company expects further revenue growth in the next quarter and announced the implementation of a 1-split 8-share split plan. However, strong performance has not stopped stock prices from falling, and market concerns about high valuations and the sustainability of memory chip prices are heating up.

The Zhitong Finance App learned that on Friday, US storage concept stocks fell collectively. SanDisk (SNDK.US) fell more than 9% at the beginning of the session, SK Hynix (SKHY.US) fell nearly 6%, and Micron Technology (MU.US) fell more than 3%. According to the news, SanDisk announced financial results for the first quarter of the 2027 fiscal year. Driven by a surge in demand for NAND flash memory driven by artificial intelligence infrastructure construction and rising product prices, the company's revenue for the quarter increased 378% year over year, and data center business revenue soared nearly 17 times. The company expects further revenue growth in the next quarter and announced the implementation of a 1-split 8-share split plan. However, strong performance has not stopped stock prices from falling, and market concerns about high valuations and the sustainability of memory chip prices are heating up.