[FLASH] Storage and memory names sell off as SanDisk's FY27 guide lands under consensus
SanDisk reported fiscal Q4 revenue of $8.97B with data-centre revenue roughly doubling sequentially, but guided Q1 FY27 to $10.3-10.8B, a midpoint below consensus; Western Digital, SanDisk and Micron all traded lower on 6 August. The reaction reads as a valuation reset against very large year-to-date gains rather than a break in AI memory demand, since HBM and 2027 DRAM capacity are still reported as preallocated. What to watch: whether the dispersion holds, as Micron closed down about 1.3% on the session against Western Digital's roughly 13% decline.