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Western Digital Corporation has issued financial projections for the second quarter and full fiscal year 2027, anticipating continued gross margin expansion and revenue growth.
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Western Digital Corporation shares fell significantly following reports that incoming Democratic senators are calling for a slowdown in the development of artificial intelligence data centers.
SanDisk plunged nearly 20% as AI and memory stocks sold off after election results raised fears of data-center delays and weaker chip demand.
Sandisk (NASDAQ: SNDK) fell almost 8% premarket as post-midterm tech rotation hit memory chips, leaving analysts divided over further downside or a year-end rally.
Meta Platforms and Sandisk announced their first-ever forward stock splits to make shares more accessible to retail investors. Meta is conducting an unorthodox 2-for-1 split through a new non-voting share class, while Sandisk approved an aggressive 8-for-1 split following a 6,000% rally since its February 2025 spinoff from Western Digital. Both companies are benefiting from AI demand, though Sandisk faces cyclical risks in the memory storage market.
Sandisk announced an 8-for-1 stock split effective Nov. 20, 2026. However, the article emphasizes that stock splits don't fundamentally change a company's value or make it a better investment. The key factor for Sandisk investors should be the outlook for the memory and storage market shortage, not the split itself. At single-digit P/E multiples, Sandisk appears cheap, but this valuation depends on sustained high demand continuing.
Sandisk stock jumped over 5.5% to $1,134 on Tuesday as AI data center demand surged and a $93.9 billion long-term supply pipeline sparked a powerful memory sector rebound.