US Stocks Move: SanDisk Soars 21% Pre-market as Earnings Surpass Already High Expectations

Glonghui, January 30｜A certain exchange soared over 21% in pre-market trading, reaching $654. Goldman Sachs stated that the exchange's performance not only surpassed the market's high threshold, but also overwhelmingly beat expectations. Its Q4 revenue of $3.03 billions, gross margin of 51.1%, and EPS of $6.2 all far exceeded Wall Street consensus. Even more impressive is the Q1 guidance: revenue expectations are 53% higher than the market, and EPS guidance is 2.4 times the market expectation. This indicates that the NAND storage industry is experiencing an unexpectedly strong cycle, which will have a positive spillover effect on similar companies such as Micron Technology.