It is the classic market loop. The "loudest voices in the room" always seem to move the goalposts depending on whichever way the wind is blowing.
When SanDisk Corp ($SNDK) was riding the peak of the AI-driven NAND storage boom earlier this year, hitting its 52-week high of $2,354.39, everyone was talking about a US$3,000 price target. Now that the stock has cooled down to around $1,329.62, amid profit-taking, sector rotation, and worries over Chinese competition from #CXMT , those extreme "gloom and doom" targets of $700–$800 are making a comeback on message boards. [sandisk-stock-slides-14-as-ai-chip-selloff-overshadows-bullish-ndisk-stock-down-today-why-did-sndk-shares-fall-check-chinas-cxmt-competition-fears-latest-stock-price-market-updates-304268/)
The wild swings from absolute euphoria to extreme panic perfectly capture the reality of trading high-momentum semiconductor stocks right now.
SanDisk Corp (#SNDK )
$1,329.62
-10.30% today
As of Oct 15, 17:50 GMT+5:45 • Disclaimer
02:0009:0016:001,3501,4001,450Prev close $1,482.33
Oct 14, 19:15 - Oct 15, 17:50
Open1,427.38 Mkt cap$203.94B USD
High1,461.80 P/E ratio19.04
Low1,402.02 Div yield-
52-wk high2,354.39 52-wk low130.50
Are you currently holding $SNDK , or are you just watching the sentiment circus from the sidelines? Let me know if you want to look at the underlying fundamentals or the upcoming October 29 earnings expectations to see past the noise
