After an epic plunge, $SNDK faces a critical decision! Is it a breakdown pullback to 1030, or a desperate rebound to 1350? Let Big Wan explain it all to you
Brothers, last night the US stock storage-chip sector exploded again! SanDisk (SNDK) closed down more than 11%, directly dropping to 1278 USD. From the historical high of 2354 USD on June 22, within a month it has crashed 47%, with a market cap wipeout of about 170 billion USD. Seeing this drawdown late at night—how many brothers can’t sleep?
On the news front, two blades fell at the same time.
The first blade: LongXin Technology, a DRAM leader, saw a 466% surge on its A-share listing day. The market worries that storage self-sufficiency could accelerate, and the global supply landscape may change.
The second blade: Nvidia is pushing forward with an AI infrastructure deal worth 750 billion USD. Concerns about “circular financing” are heating up again. The big open caused by the oil price crash was completely swallowed by chip stocks.
On the technical side, the key frontline is right here.
From the 1-hour chart, SNDK was hammered down from the high in one go to around 1221. This level lines up with the previously defined key support zone— the 1230–1300 range. With volume expanding and price stabilizing, it shows bulls and bears are fighting intensely here.
The first resistance above is 1350–1400. If 1221 can’t hold, the next stop is 1030–1100.
What does Big Wan think?
In the short term, the bears do have the upper hand, but don’t let panic throw you off the rhythm. NAND flash: demand is expected to grow 18% in 2026, while the supply side is actually shrinking by 5%. The underlying fundamentals’ hard logic hasn’t changed. The earnings report on August 5 is coming soon—this plunge may be the last drop before the report.
Around 1221, you can try a long position with a small size. First target: 1280–1350.
#美国存储股扩大跌幅 #长鑫存储科创板IPO募资579亿元
Brothers, last night the US stock storage-chip sector exploded again! SanDisk (SNDK) closed down more than 11%, directly dropping to 1278 USD. From the historical high of 2354 USD on June 22, within a month it has crashed 47%, with a market cap wipeout of about 170 billion USD. Seeing this drawdown late at night—how many brothers can’t sleep?
On the news front, two blades fell at the same time.
The first blade: LongXin Technology, a DRAM leader, saw a 466% surge on its A-share listing day. The market worries that storage self-sufficiency could accelerate, and the global supply landscape may change.
The second blade: Nvidia is pushing forward with an AI infrastructure deal worth 750 billion USD. Concerns about “circular financing” are heating up again. The big open caused by the oil price crash was completely swallowed by chip stocks.
On the technical side, the key frontline is right here.
From the 1-hour chart, SNDK was hammered down from the high in one go to around 1221. This level lines up with the previously defined key support zone— the 1230–1300 range. With volume expanding and price stabilizing, it shows bulls and bears are fighting intensely here.
The first resistance above is 1350–1400. If 1221 can’t hold, the next stop is 1030–1100.
What does Big Wan think?
In the short term, the bears do have the upper hand, but don’t let panic throw you off the rhythm. NAND flash: demand is expected to grow 18% in 2026, while the supply side is actually shrinking by 5%. The underlying fundamentals’ hard logic hasn’t changed. The earnings report on August 5 is coming soon—this plunge may be the last drop before the report.
Around 1221, you can try a long position with a small size. First target: 1280–1350.
#美国存储股扩大跌幅 #长鑫存储科创板IPO募资579亿元