On April 30 (local time), two prominent entities within the memory segment of the U.S. stock market—Western Digital and SanDisk—unveiled their financial outcomes for the third fiscal quarter. The reports revealed that both firms surpassed Wall Street's forecasts in both revenue and profit, accompanied by strong guidance for the upcoming quarter. Nevertheless, during after-hours trading, both companies witnessed a sharp decline in their stock prices, with Western Digital's shares plummeting by as much as 8.2% and SanDisk's experiencing a drop exceeding 6%. Specifically, SanDisk reported a revenue of $5.95 billion for the third fiscal quarter, marking a remarkable 97% year-on-year surge, with a net profit reaching $3.62 billion. Western Digital, for the same period, posted a revenue of $3.34 billion, up 45% year-on-year, with a net profit of $3.12 billion. Some analysts posit that, given Western Digital's stock price has soared by approximately 900% over the past year and SanDisk's has catapulted around 3300% since its listing, the market has already fully factored in their stellar performance. The new guidance, failing to provide sufficient surprises, prompted investors to take profits. However, the stock price declines were not rooted in skepticism about the companies' fundamental strengths; rather, the results and guidance from both companies further underscore that the robust demand for memory products, propelled by AI data center construction, remains unrelenting.