Will SanDisk Stock Fall Below $1,000? (SNDK)

SanDisk stock (NASDAQ: SNDK) is having the worst possible month as prices are skydiving in July. After reaching an all-time high above $2,350 in late June, SNDK dropped into the $1,200 range. It opened Tuesday’s trading bell at $1,278 and has slipped nearly 38% in a month. The correction is sharp and has cut retail investors’ portfolios, as institutional funds resort to profit-booking and sell-offs this month.

Also Read: Bernstein Raises Micron Stock Price Target To $1300

Can SanDisk Fall Below $1,000? (SNDK)

Yes, SanDisk stock can fall below $1,000, as investors’ anxiety is increasing ahead of the upcoming Q2 earnings call scheduled on August 5, 2026. Concerns about the AI industry’s capex are high, as Alphabet recently announced in its earnings call that it is increasing its spending from $180 billion to $205 billion for 2026. While overspending is now old baggage, all eyes remain on NAND flash memory supply. The only thing that kept the semiconductor sector in line was the high demand and low supply.

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