Sandisk (SNDK) Loses 7.3% on Profit-Taking

Sandisk Corp. (NASDAQ:SNDK) is one of the 10 Stocks Investors Are Running Away From.

Sandisk extended its losing streak to a fourth consecutive day on Tuesday, shedding 7.26 percent to close at $1,617.70 apiece, as investors resumed profit-taking to take advantage of its high valuation.

Last month alone, shares in Sandisk Corp. (NASDAQ:SNDK) surged by as much as 38.9 percent, hitting a peak of $2,354.39 amid the ongoing strong demand for memory and storage products, thanks to the rapidly growing AI. This year alone, the stock has already climbed by as much as 892 percent.

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Photo from Sandisk’s website

The surge was further validated by Apple Corp.’s planned increase in the prices of its products, citing the high memory costs.

Additionally, tight supply for the NAND market is expected further beyond 2027, sparking further rosy prospects for Sandisk Corp. (NASDAQ:SNDK) and its counterparts.

Late last month, Sandisk Corp. (NASDAQ:SNDK) earned a 23 percent price target upgrade from Citigroup, at $2,500 versus $2,025 previously, following Micron Technology’s strong earnings performance and even stronger outlook for the fourth quarter of fiscal year 2026.

“We remain constructive on favorable NAND supply/demand fundamentals on durable AI-led datacenter demand (KV cache offloading to more cost-effective SSDs),” Citigroup said.

While we acknowledge the risk and potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than SNDK and that has 10,000% upside potential, check out our report about the cheapest AI stock.

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