Sandisk Sinks 37%, but Wall Street Still Backs SNDK Stock

Samsung Electronics approved a 90-110 trillion won shareholder return plan for 2026, the largest in Korean history, but shares fell 8.7% as investors expected more. U.S. memory stocks like Micron, Seagate, and SK Hynix also dropped. The payout was seen as disappointing due to its structure and deferred details. Sandisk's revenue growth slowed, reflecting broader sector doubts about AI demand.

The SEC has subpoenaed Bank of America, Citi, Goldman Sachs, and JPMorgan Chase as part of an investigation into the near-collapse of AI-focused hedge fund Situational Awareness, which saw a 67% portfolio wipeout in July. The inquiry focuses on the fund's trading timing, leverage, and communications with lenders. Situational Awareness, founded in 2024, had managed over $30 billion and held significant stakes in SanDisk and Micron, which experienced sharp declines in July. The fund's liquidation

Sandisk (SNDK) shares fell 7.27% to $1,480 on Monday after reports suggested Apple (AAPL) may source memory chips from Chinese suppliers, raising concerns about pricing and supply. The drop erased $17.0 billion in market value. Analysts note that Sandisk's contracts may mitigate some risks, and the company's earnings remain strong with a bullish outlook.

Sandisk (SNDK) shares fell 7.5% after reports that Apple may source memory chips from Chinese suppliers YMTC and CXMT. YMTC competes directly with Sandisk in NAND memory chips, while CXMT focuses on DRAM. Sandisk's high-bandwidth flash memory could compete with CXMT's planned high-bandwidth memory. Apple's potential use of these chips is currently limited to products sold in China. Analysts note that neither YMTC nor CXMT currently pose a serious threat to Sandisk due to quality and production c

Sandisk (SNDK) shares rose 24.9% in the past month, outperforming peers like Micron (MU), Seagate (STX), and Western Digital (WDC). The surge is driven by a 437% year-over-year increase in Datacenter revenues to $5.15 billion. SNDK expects continued growth, with Q1 fiscal 2027 revenues projected at $10.3-$10.8 billion, up 372% year over year. The company anticipates strong demand and pricing through 2027, targeting mid-to-high-teens revenue growth and high profitability through 2030. SNDK's valu

Memory stocks fell Monday after reports that Apple may source chips from Chinese suppliers. SanDisk (SNDK) dropped 9%, Micron (MU) 7%, and Western Digital (WDC) 7%. The Roundhill Memory ETF (DRAM) also fell 7%. Analysts debate the impact, with some calling the selloff an overreaction.