Why SanDisk stock plunged despite Wall Street's bullish outlook

SanDisk shares dropped despite analysts maintaining a bullish outlook, citing the stock is well positioned to benefit from rising AI-driven storage demand and favourable NAND market dynamics. Long-term supply agreements are expected to improve revenue visibility, while tighter industry supply could support stronger pricing and profitability in coming quarters. Investors are now watching the upcoming earnings and management commentary for cues on AI demand and memory pricing.