Sandisk (SNDK) shares were active in extended trading on Wednesday after the storage maker reported fiscal fourth-quarter results. Read for more.

SanDisk enters tonight's report sitting on a 500% year-to-date gain, with prediction markets near certain of a beat and the Street already pricing in perfection. Whether that setup rewards bulls or sets a trap is about to become clear.

Sandisk beat Wall Street's targets for its fiscal fourth quarter, but it disappointed with an in-line outlook. Sandisk stock fell.

Sandisk raked in enough revenue to overcome Wall Street estimates though growth of its SSD and AI infrastructure markets.

Memory stocks are cratering despite blockbuster earnings, and the reason reveals something uncomfortable about how much of the AI storage boom traders had already priced in before Thursday's open.

SanDisk Corp put out Q4 results that beat Wall Street on both revenue and earnings, yet the stock sits sharply lower in pre-market trading, leaving a few raised eyebrows. The SanDisk stock price (NASDAQ: SNDK) is down 9.

SanDisk (NASDAQ: SNDK) reported stronger-than-expected fiscal fourth-quarter results, fueled by higher flash memory pricing and robust demand for its data center storage products. However, the companys first-quarter

SanDisk (NASDAQ:SNDK) currently trades at $1,096.10 against a consensus Wall Street price target of $2,217.77, an implied upside of roughly 102%. One outlier bull, China Renaissance, models a target implying roughly 200% upside from here.

Industry shifts, new technologies like BiCS and HBF, and robust data center demand could structurally enhance Sandisk's earnings profile. See why SNDK is a Buy.