SanDisk Stock To $1,000 or $2,000 First? What Can Happen Next

SanDisk stock (NASDAQ: SNDK) touched a yearly high of $2,354 in an unprecedented rally of more than 3,000% in a year. The market’s reality is that what goes up must come down, and the leading high-bandwidth memory (HBM) manufacturer is no exception. SNDK plunged below $1,000 in July, touching a yearly low of $985. So the upward swing in 2026 made the equity reach $2,354 and also a downward trajectory to $985. The difference between the high and low is vast, highlighting the heightened volatility in the AI sector.

Now that SanDisk stock has seen both $2,300 and $985, where will its price head next? SNDK opened Thursday’s trading session at $1,344 and is having a relatively safe month in August. It has spiked nearly 6% this month and remains on the front foot in the indices. However, there is fear among investors about taking an entry position now. The fear stems from sudden price crashes that have been affecting the AI market this year. In this article, we will explain whether SanDisk stock can rise to $2,000 first or will it go below $1,000.

… Continue reading the full article at the original source below.