SanDisk Stock Drops as Revenue Forecast Misses Estimates
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- SanDisk stock sank after the company's revenue forecast fell short of expectations, per Yahoo Finance.
- Despite the selloff, SanDisk revenue is soaring on AI data storage demand, per the Wall Street Journal, and Seeking Alpha upgraded the stock with a 'very bold move' call ahead of Q4.
Why it matters: SanDisk's forward guidance disappointed enough to move the stock, but the underlying AI storage demand is pulling real revenue growth — the analyst upgrade is a contrarian bet that the post-print selloff overstates the damage to the business.
