Sandisk (SNDK) Drops 5.4% on US-China Trade Tension Risks

We recently published 10 Stocks Hammered Harder than Wall Street. Sandisk Corp. (NASDAQ:SNDK) is one of the worst performers on Tuesday.

Sandisk saw its share prices decline by 5.44 percent on Tuesday to finish at $127.29 apiece as investors continued to be in a wait-and-see mode amid renewed trade tensions between the US and China.

Despite being a US-based company, Sandisk Corp. (NASDAQ:SNDK) is particularly at risk in the trade spat between the two countries, having its manufacturing operations located in China.

Additionally, the drop can be attributed to early profit-taking following the previous day’s 15 percent gain, thanks to Goldman Sachs’ whopping price target upgrade to $140 from $55 previously.

Goldman Sachs said it maintained its “buy” recommendation for Sandisk Corp. (NASDAQ:SNDK).

In other news, Sandisk Corp. (NASDAQ:SNDK) said it is scheduled to announce the results of its first quarter earnings performance for the fiscal year 2026 on November 6, 2025. A conference call will be held at 4:30 PM ET to elaborate on the results.

While we acknowledge the potential of SNDK as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.