Sandisk Corporation

Multi-year supply agreements and robust financial guarantees underscore the durable AI-driven demand and Sandisk Corporation's resilient growth/margin prospects. HBF technology ramp, prudent volume expansion, and focus on bit density per wafer imply their reduced oversupply risks and excellent pricing power. The meltdown has triggered SNDK's deep-value 3Y PEG of 0.07x, with the eventual AI sentiment recovery likely to trigger rich upside potential.

Meta's new share class doesn't have voting power. Sandisk is seeing huge demand from the AI build-out.

Management forecasts fiscal second-quarter adjusted earnings of $55 to $57 a share on a pre-split basis. Adjusted earnings per share climbed 26% sequentially in fiscal Q1, easing from 68% growth the previous quarter.

Inflation, politics and AI concerns are all posing big challenges to investors right now, but Andrew Rocco believes the market will push past these hurdles in the coming months. Learn why the recent selloffs could be setting up the next leg higher.