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Sandisk Tumbles After Revenue, Earnings Forecasts Miss Estimates
['Tyler Durden']
ZeroHedge News
Sandisk was one of the largest public holdings of the hedge fund of 24-year-old former wunderkind, Leopold Aschenbrenner, and its July collapse from $2300 to $1000 was chief the main reasons why the former OpenAI employee had to liquidate his extremely overlevered hedge fund and sell all positions at a 10% discount to Citadel to meet a volley of endless margin calls.
Here is what SNDK reported for fiscal Q4:EPS $39.25 vs Est.
$34.37Revenue $8.97BN vs Est.
$8.64BN Data Center Revenue $3.0B vs Est.
$2.6BOperating Income $7.0B vs Est.