🔴 Sandisk is trading 6.5% down today as guidance misses aggressive AI-fueled expectations

Sandisk is trading at $1255.00 (6.5% down) following a volatile reaction to its August 5 earnings release, as soft guidance triggered profit-taking.

• The company reported massive Q4 2026 revenue and EPS beats alongside a new $14 billion share buyback program.
• While Q1 2027 guidance was strong, it came in below aggressive AI-fueled expectations, disappointing investors after a sharp pre-earnings rally.
• Traders are currently reassessing the company's outlook and lofty valuations following the stock's recent run-up.