Sandisk Corporation (NASDAQ:SNDK) shares are down on Friday as the stock pulls back following a remarkable run that has seen it surge over 1,200% since January 2025. Friday’s weakness appears driven more by profit-taking and stretched valuations than by any abrupt change in the company's fundamentals.
Here’s what investors need to know.
AI-Driven Memory Shortage Still Backs The SNDK Story
SanDisk helped commercialize NAND flash memory used in USB drives, SD cards, smartphones and solid-state drives. Over the past decade it has pivoted toward higher-value enterprise SSDs and custom flash for hyperscale cloud and AI data centers.
Those customers are still absorbing huge amounts of high-performance memory, with DRAM prices up as much as 50% and NAND prices climbing more than 30% in late 2025 as supply struggles to keep up. That backdrop continues to position SanDisk as a prime beneficiary of the AI infrastructure boom.
What The Latest SNDK Pullback Means For Investors
Friday's continued retreat comes after an extraordinary run in a market where memory makers enjoy full order books while PC and smartphone manufacturers wrestle with higher component costs.
If AI capex and demand for bandwidth-hungry flash remain robust, SanDisk's pricing power and earnings leverage could stay strong, even if the stock experiences more volatility after its historic rally.
Sandisk’s 1200% Surge Explained
Currently, Sandisk is trading 38.6% above its 20-day simple moving average (SMA) and 137% above its 100-day SMA, demonstrating longer-term strength. Shares have increased 1,200% over the past 12 months and are currently positioned closer to their 52-week highs than lows.
The RSI is at 86.28, indicating overbought conditions, while the MACD is above its signal line, suggesting bullish momentum. The combination of overbought RSI and bullish MACD indicates that traders should exercise caution, as this could signal a potential pullback.
SNDK Earnings Next Week
Investors are looking ahead to the next earnings report on Jan. 29.
- EPS Estimate: $3.22
- Revenue Estimate: $2.65 billion
Analyst Consensus & Recent Actions: The stock carries a Buy Rating with an average price target of $298.89. Recent analyst moves include:
- Citigroup: Buy (Raises Target to $490.00) (Jan. 20)
- Wells Fargo: Equal-Weight (Raises Target to $380.00) (Jan. 15)
- Benchmark: Buy (Raises Target to $450.00) (Jan. 15)
Top ETF Exposure
- Vanguard Small Cap Value ETF (NYSE:VBR): 0.78% Weight
- John Hancock Multifactor Small Cap ETF (NYSE:JHSC): 0.74% Weight
- Invesco S&P 500 Equal Weight Utilities ETF (NYSE:RSPU): 1.51% Weight
Significance: Because SNDK carries meaningful weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.
SNDK Shares Slide Friday
SNDK Price Action: SanDisk shares were down 5.46% at $475.97 at the time of publication on Friday, according to Benzinga Pro data.
Image: Shutterstock
