SanDisk Corporation (SNDK) was removed from InvestingPro's AI-picked stock list for February, citing significant relative valuation and volatility concerns following its exceptional price appreciation.
- The AI noted the stock's rapid surge, resulting in a high P/E ratio of 144.5x and a price-to-book ratio of 8.3x, suggesting the stock was overheating.
- The removal occurred despite the company reporting strong Q2 results, including revenue growth of +61% year-over-year and an EPS of $6.20.
- Following the news, the stock traded lower in after-hours trading at $550.00, representing a decline of -4.55%.