TradingKey – Sandisk (NASDAQ: SNDK) kicks off a pivotal week as the flash memory maker prepares to announce its fiscal fourth-quarter earnings on August 5. Having emerged as one of the semiconductor industry’s biggest winners from the AI infrastructure buildout, the company now needs to demonstrate that the rapid earnings growth it has enjoyed can keep pace with sky-high expectations.

The stock has traded erratically in July as traders have taken profits in multiple AI plays. The fundamental bull thesis revolves around long-term enterprise storage demand, but the markets are fixated on what the company expects its fiscal 2027 full-year outlook to look like, specifically whether NAND pricing, hyperscale capex, and enterprise SSD sales…