SanDisk Stock Jumps 10% on New AI Memory Milestone With SK Hynix Ahead of Earnings
SanDisk inventory jumped 10.84% on Tuesday following a brand new AI reminiscence milestone with SK Hynix. The corporations superior their ongoing collaboration by releasing the primary business specification for High Bandwidth Flash (HBF) know-how.
SanDisk additionally presents a keynote on AI reminiscence in the present day on the Future of Memory and Storage (FMS) Conference, simply hours earlier than its earnings name. Google and Tenstorrent joined the HBF consortium throughout the standardization course of, including credibility to the brand new commonplace.
A New Memory Tier for AI Chips
The Open Compute Project (OCP), an business group that builds open {hardware} requirements, published the HBF specification this week. The commonplace provides chip designers a shared framework for utilizing HBF in AI accelerators.
It fills a niche left by High Bandwidth Memory (HBM), which is quick however capacity-constrained. In distinction, solid-state drives maintain extra information at slower speeds.
The specification helps NAND stacking as much as 512GB per die stack. It additionally defines three efficiency tiers, with learn speeds reaching 3.0 terabytes per second.
SanDisk and SK Hynix began the HBF consortium in February. Google and Tenstorrent joined as members throughout the specification’s improvement. SanDisk Chief Technology Officer Alper Ilkbahar known as the discharge a significant step for the know-how.
“an necessary milestone for the HBF ecosystem”
Alper Ilkbahar, SanDisk’s chief know-how officer, stated in a statement.
Earnings Loom as Memory Stocks Rebound
SanDisk studies fiscal fourth-quarter outcomes after markets shut in the present day. Wall Street expects earnings close to $33 per share on income round $8.3 billion, up sharply from $0.29 a 12 months earlier. However, SanDisk shares pulled again in premarket buying and selling Wednesday, as some buyers turned cautious forward of tonight’s outcomes.
SanDisk shares fell roughly 47% final month throughout a broader memory sector selloff. Meanwhile, SK Hynix shares have swung simply as sharply since their Nasdaq debut in July.
The rebound displays a tighter hyperlink between Korean and US markets, as AI infrastructure spending more and more strikes each in tandem.
Today’s earnings will present whether or not the AI reminiscence story behind Tuesday’s rally holds up beneath nearer scrutiny.
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