Sandisk (SNDK) Ends 3-Day Run; to Announce Q1 Results Soon

We recently published 10 Stocks Investors Are Dumping. Sandisk Corp. (NASDAQ:SNDK) is one of the worst performers on Monday.

Sandisk snapped a three-day winning streak on Monday, losing 5.64 percent to finish at $121.17 apiece as investors began to book profits to take advantage of the previous days’ gains.

On the same day, Sandisk Corp. (NASDAQ:SNDK) announced that it would release the results of its first quarter earnings performance in the first quarter of fiscal year 2026 on November 6, during which investors will closely watch out for its full fiscal year outlook.

For the first quarter, Sandisk Corp. (NASDAQ:SNDK) is targeting to book revenues of $2.10 billion to $2.20 billion, and diluted earnings per share of $0.70 to $0.90.

In other news, Sandisk Corp. (NASDAQ:SNDK) announced that it kicked off, along with Kioxia Corp., the operations of its Fab2 (K2) production facility in Iwate Prefecture, Japan.

The Fab2 facility has the capability to produce eighth-generation, 218-layer 3D flash memory, featuring the company’s revolutionary CBA (CMOS directly Bonded to Array) technology, and future advanced 3D flash memory nodes to meet growing demand for storage driven by the artificial intelligence industry.

Production will ramp up in stages over time in line with market trends, with significant output expected to begin in the first half of 2026.

While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.