Importantly, while Sandisk's non-GAAP earnings fell 33% in the first quarter, the company expects adjusted earnings to jump 160% in the second quarter because of an unprecedented supply shortage in memory chips created by insatiable demand for artificial intelligence (AI) infrastructure. Experts generally think the supply shortage will persist through 2026, which portends strong growth for several quarters to come.Sandisk also has another important advantage in its vertically integrated business model. The ...