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Shares Fall 8% Despite Revenue Surge; Can AI Storage Demand Drive Further Gains?

Shares Fall 8% Despite Revenue Surge; Can AI Storage Demand Drive Further Gains?

TradingKey – As of August 5 Eastern Time, SanDisk ( SNDK) released its fourth-quarter fiscal results after the U.S. market close. Although the company’s fourth-quarter performance significantly beat market expectations and its AI data center business continued to grow rapidly, SanDisk’s stock experienced profit-taking and fell 8% after hours, as the market had already priced in expectations of an AI storage rally, leading to excessive cumulative gains, and its next-quarter guidance failed to fully meet the expectations of some investors.

Why SanDisk Stock Price Is Falling?

SanDisk’s shares fell about 8% in after-hours trading after the company released its latest earnings report. From the financial data, the company’s quarterly…

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