Sandisk SNDK extended its recent decline Monday, with shares falling about 11% as investors continued to reassess the company’s outlook for artificial intelligence-driven memory demand and valuation.
The latest drop adds to a volatile stretch for Sandisk. The stock has lost roughly one-third of its value over the past month after reaching a 52-week high in late June, although it remains up nearly 500% since the start of the year. Sharp daily swings have followed a brief rally earlier this month, highlighting uncertainty around investor sentiment.
Analysts remain divided on Sandisk’s prospects ahead of its upcoming fiscal fourth-quarter results. Supporters point to the company’s shift toward AI infrastructure and long-term contracted revenue, while more cautious analysts question whether demand for NAND flash memory will grow as quickly as expected in AI inference workloads. Susquehanna recently lowered its price target to $3,050 from $3,250 while maintaining a Positive rating.
Sandisk continues to attract attention for its transformation strategy, but investors are expected to focus on earnings, AI-related demand trends, and management’s outlook after the stock’s recent volatility.
