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.

SanDisk Chairman and CEO David Goeckeler said in a conference call that the data center business has grown from about 20% of the industry's total volume ten years ago to nearly half today. Facing the future, data centers are expected to account for more than 55% of the market share in 2027, and bid demand will increase by about 40% year-on-year. Goeckeler even boldly predicted: “By the end of this decade, key value caches (KV Cache) will account for about one-third of the AI data center flash memory market, and the AI data center market size will be close to today's NAND flash market.”

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