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Sandisk (SNDK) gains 4% on AI storage demand, NAND supply tightness, and strong analyst forecasts ahead of its Oct. 29 earnings report.
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SanDisk stock has collapsed by approximately 64-65% since June 2026, primarily due to increasing regulatory risk that spooked investors. The company is undergoing an 8-for-1 stock split on November 19, 2026. Despite the sharp decline, there is debate among analysts about whether this represents a generational buying opportunity or a value trap.
SanDisk stock has plummeted 65% from its June peak despite strong current financials driven by AI infrastructure demand and memory chip shortages. While the stock appears cheap at a P/E of 3.5, the author warns investors to avoid buying ahead of the November 19 stock split, citing the cyclical nature of the memory chip market. The author projects that when supply normalizes and pricing power diminishes, SanDisk's earnings could collapse significantly, making the stock potentially overvalued at current levels.
Cantor Fitzgerald and HSBC say the chip stock selloff is overdone, with the SOX at 9x 2028 earnings. Top picks include NVDA, MU, SNDK, ASML and AMAT.
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Sandisk stock flashes oversold signals as shares sink below key moving averages amid mounting AI and competition fears.