[Boosted by SanDisk's Favorable Long-Term Outlook, Asian Memory Chipmakers' Stocks Rise] BlockBeats News, August 14 — SanDisk (SNDK.O) released an optimistic outlook that has bolstered confidence in long-term profitability driven by the AI boom, leading to a rise in Asian memory chip stocks. Shares of SanDisk partner Kioxia Holdings surged as much as 8.7% in Tokyo, while memory manufacturer SK Hynix's stock climbed as much as 6.5% in Seoul. The Bloomberg Asia Semiconductor Index rose as much as 1.6%, on track for its fifth consecutive day of gains. SanDisk previously stated that, driven by long-term pricing agreements with customers, it expects revenue growth of 15% to 20% between 2028 and 2030. Andrew Jackson, Head of Japanese Equity Strategy at Ortus Advisors, wrote: "A few years ago, it was unheard of for NAND flash manufacturers to provide such precise long-term forecasts. Compared to the more volatile spot memory prices, long-term agreements may help smooth out the classic boom/bust cycles." [Original Link]