SanDisk, Western Digital Slide ~10% in Premarket Despite Strong Results

1. 1SanDisk (SNDK) and Western Digital (WDC) fell about 10% in Thursday's premarket trading despite strong earnings.
2. 2SanDisk reported Q4 revenue of $8.97 billion and non-GAAP EPS of $39.25, beating expectations, but its Q1 revenue guidance of $10.7 billion fell short of the $11.2 billion consensus estimate.
3. 3Both stocks have surged more than 3,000% and 550%, respectively, over the past 12 months on the AI boom, and there are observations that funds could rotate into cryptocurrencies as AI momentum cools.

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