SanDisk Corporation stock experiences a 45% monthly decline as investors reassess AI-driven memory valuations
SanDisk Corporation shares have fallen 45% over the past month, reflecting a broader correction in the AI trade as investors grapple with valuation jitters and high capital expenditure spending. While the stock experienced a blistering run earlier in the year, the recent selloff highlights a period of intense volatility in the memory and storage sector. Analysts note that while SanDisk Corporation maintains a long-term uptrend, its short-term momentum has weakened significantly. The company is scheduled to report quarterly results on August 5, with Wall Street expecting earnings per share of $33.38 on revenue of $8.24 billion. CEO David Goeckeler indicated that data centers are expected to become the largest market for NAND in 2026. Despite the sharp pullback, the stock remains 37.7% above its 200-day simple moving average, suggesting the broader trend is still intact. Investors are currently evaluating whether to rotate into competitors like Micron Technology or SK Hynix, which have shown more resilience in the high-bandwidth memory segment.