Why Sandisk Stock Is Plummeting Today
Bank of America raised its price target to $2,500 as Sandisk’s shares fell 4% in premarket trading on profit-taking from AI chip stocks.
5 Articles
5 Articles
Why Sandisk Stock Is Plummeting Today
Key PointsSandisk stock is falling today as investors take profits on top AI chip stocks. Investors appear to be rotating into artificial intelligence software plays. Bank of America raised its price target for Sandisk stock today. 10 stocks we like better than Sandisk › Sandisk (NASDAQ: SNDK) stock is sinking in Wednesday's trading. The company's share price was down 11% as of 2 p.m. ET amid a 0.1% gain for the S&P 500 and a 0.2% decline for th…
SanDisk stock slides 14% as AI chip selloff overshadows bullish calls
SanDisk Corporation (SNDK) shares plunged 14% in afternoon trading on Thursday, hitting a session low of $1707.58 as investors rotated out of artificial intelligence chip and memory hardware stocks and shifted capital into AI software companies.The decline followed an extraordinary first half of 2026, during which SanDisk shares surged roughly 858%, leaving the stock vulnerable to profit-taking as market sentiment shifted.The selloff came despit…
SanDisk (SNDK) Stock Drops 9.44% Despite Bank of America's $2,500 Price Target Upgrade
Key Takeaways Shares of SanDisk tumbled 9.44% during Tuesday’s session even as Bank of America issued an optimistic price target increase Bank of America elevated its SNDK price objective from $2,100 to $2,500 while reiterating its Buy recommendation BofA’s Wamsi Mohan anticipates average selling prices could surge as much as 35%, while bit growth may increase 13% sequentially The memory maker has soared 800% in 2024 and an eye-popping 4,755% o…
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