Why Is Sandisk Stock Falling on Thursday?
Sandisk Corp. (NASDAQ: SNDK ) stock declined during Thursday’s trading session following a sector-wide profit-taking rotation out of high-momentum artificial intelligence hardware and memory chip stocks into AI software equities. The downturn also reflects investor focus on potential risks tied to Chinese memory manufacturing. Nasdaq futures are down 0.07% while S&P 500 futures have gained 0.09%. Profit-Taking After Massive Rally The Thursday drop follows recent volatility for the memory manufacturer. Despite a decline in Wednesday’s premarket session due to a broader risk-off market, Sandisk stock entered the week up over 756.10% year-to-date and 4,297.79% over the past year. Read Also: Stock Market Today: Dow Jones Futures Rise, Nasdaq Falls as Trump Says Iran's 'Denuclearization' Is Going Well—CoreWeave, Nebius, Micron, Franklin Covey in Focus High-momentum technolog...
Sandisk Corp. (NASDAQ: SNDK ) stock declined during Thursday’s trading session following a sector-wide profit-taking rotation out of high-momentum artificial intelligence hardware and memory chip stocks into AI software equities. The downturn also reflects investor focus on potential risks tied to Chinese memory manufacturing. 09%.
Profit-Taking After Massive Rally The Thursday drop follows recent volatility for the memory manufacturer. 79% over the past year. Read Also: Stock Market Today: Dow Jones Futures Rise, Nasdaq Falls as Trump Says Iran's 'Denuclearization' Is Going Well—CoreWeave, Nebius, Micron, Franklin Covey in Focus High-momentum technology stocks frequently experience sharp swings when investors lock in gains following extended rallies. Bank of America Projects Sustained Imbalance The pullback occurs despite positive long-term projections from Wall Street.
On Wednesday, Bank of America analyst Wamsi Mohan reiterated a Buy rating on Sandisk and raised his price forecast from $2,100 to $2,500. "We expect supply/demand imbalance in the NAND market to remain through 2027," Mohan wrote in a client note, adding that pricing should hold up through mid-2027. 25 billion in revenue. China Supply Headwinds Loom Traders remain focused on competitive risks originating from China.
, or YMTC, as a key structural risk, noting that fresh supply could unwind NAND pricing faster than anticipated. His base case assumes YMTC will focus on domestic Chinese customers rather than global markets. " Kuo stated that Apple Inc. S.
administration regarding ChangXin Memory Technologies (CXMT) to secure additional DRAM supply sources. 08). Those distances matter because they show how extended the longer-term move has been, even after the recent cooling. 24.
The moving-average structure remains constructive, with the 20-day SMA above the 50-day SMA and the 50-day SMA above the 200-day SMA—classic bullish alignment for longer-term trend followers. 39, a level that can cap rebounds if sellers defend the prior peak. 68 during premarket trading on Thursday, according to Pro data. Read Also: Trump Praises Micron's $250 Million Trump Accounts Commitment as CEO Highlights $200 Billion US Investment Photo: ZA Media / Shutterstock