Sandisk forecasts mid-to-high-teens revenue growth through 2030

[Aug 13 (Reuters) - Sandisk (SNDK) said it expects revenue to grow at a mid-to-high-teens percentage rate from fiscal years 2028 to 2030, encouraged by strong ​demand amid rapid AI infrastructure buildout.](https://www.reuters.com/business/sandisk-forecasts-mid-to-high-teens-revenue-growth-through-2030-2026-08-13/) [The company said the projection ‌is in line with growth in the amount of storage capacity it produces, a metric the industry calls "bit growth."](https://www.reuters.com/business/sandisk-forecasts-mid-to-high-teens-revenue-growth-through-2030-2026-08-13/) This is the news that came out when Sandisk popped 15% today. Seems like there’s a ton of upside if these companies can start breaking out of the traditional memory cyclicality. Most of the major memory names have already had a tremendous run-up, but what would it look like if the market started re-rating them with higher multiples going forward?