Investing.com -- Sandisk forecast first-quarter revenue which underwhelmed Wall Street expectations, sending shares lower by more than 11% in early U.S. trading on Thursday. Data center revenue rose 437% for the full year, underscoring growing demand for AI infrastructure and enterprise storage. By business segment, fourth-quarter data center revenue more than doubled sequentially to $2.98 billion, while edge revenue increased 48% to $5.43 billion. The company also expanded its capital return program, with its board approving an additional $14 billion share repurchase authorization, increasing the remaining buyback capacity to $15.5 billion. (Scott Kanowsky contributed reporting)Related articlesSandisk slumps 11% as underwhelming outlook overshadows AI demand surge5 reasons why Jefferies thinks Meta's pullback is a buying opportunityMorgan Stanley CIO survey: Why AI hype isn't boosting 2026 IT budgets