Sandisk CEO David Goeckeler: We've seen an explosion in the market around inference

Summary

SanDisk CEO David Goeckeler discusses the company's investor day, its AI-driven memory demand, and its new business model strategy. He argues AI has shifted toward inference, which requires SanDisk's flash/memory products, and that the company has repositioned its portfolio after splitting from Western Digital. He also describes how the legacy quarterly price negotiation model created cyclicality.

• SanDisk shares have surged over the past year amid AI data-center memory demand.
• The company held an investor day in Manhattan and delivered bullish guidance into 2030.
• Goeckeler says AI adoption has moved from training to an explosion in inference.
• Scaling inference requires SanDisk's flash/memory products, supporting its AI positioning.
• SanDisk transformed its portfolio after splitting from Western Digital.
• Goeckeler says traditional memory cyclicality stems from long-term supply decisions meeting quarterly price negotiations.
• The new business model strategy is intended to change how the company manages that cycle.