Micron and SanDisk have crushed the S&P 500, but it's a tough call when deciding which memory storage solutions provider is the better buy.

SanDisk reports better-than-expected earnings after a massive run fueled by AI data-center demand, tight supply, and rising storage prices.

Sandisk (SNDK) inches higher as strong AI-driven storage demand and a $6B buyback plan reinforce bullish long-term outlook despite high valuation pressure

Sandisk's stock price rise was helped by a similarly impressive performance from its peer and rival, Seagate Technology. That company reported its own fiscal third-quarter results during the week, and as with Sandisk, its revenue and profitability surged.

New long-term agreements are a sign that hyperscalers are willing to pay high prices for memory. They’ll also make Sandisk’s earnings less volatile.

SanDisk (NASDAQ:SNDK | SNDK Price Prediction) has staged one of the most extraordinary rallies in semiconductor history, climbing 3,006% over the past year on the back of an AI-driven NAND supercycle.

By Stephen Nellis SAN FRANCISCO, April 30 (Reuters) - Memory chip maker Sandisk on Thursday reported soaring revenue and profit while predicting another rosy quarter, adding it has signed long-term contracts worth at least $42 billion to help it counter any extreme price cycles.

Sandisk's Remaining Performance Obligation is variable-priced, exposing future revenues and margins to NAND supply increases. Learn why SNDK stock is a sell.

Sandisk (NasdaqGS:SNDK) has introduced multi year supply agreements with firm financial guarantees, securing over US$42b in long term commitments. The company is pairing this new contracting model with a US$6b share repurchase program.