Artificial intelligence (AI) stocks are witnessing a bloodbath on the market due to various reasons, including hotter-than-expected inflation, higher interest rates, concerns about access to financing amid higher capital costs, and the aggressive spending on AI infrastructure by hyperscalers that's hurting their cash flow. Shares of Sandisk (NASDAQ:SNDK) have been caught in the broader tech rout, and a strong earnings report from the company didn't help it arrest the slide. Let's take a closer look at Sandisk's results and check if its fortunes will turn around in the coming year. Image source: Getty Images.
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