$SNDK
SanDisk’s sharp drop isn't just a bit of a technical correction—the market’s completely repriced memory expectations
That comes on the back of reports showing NAND flash chip prices slid by 2.9% this week, plus Toshiba’s announcement that they’re planning to double HDD production for data centres by 2027
These signals have stirred up proper worries about future oversupply, despite the strong demand we're seeing for AI at the minute
Even Samsung’s record-breaking earnings couldn't save the shares, mind you , Investors saw it as a sign that this rapid growth might be peaking pretty soon
$SNDK
On top of that, rising bond yields put extra pressure on all those highly-valued growth stocks, turning the selling into a proper sector-wide rout across storage
Now, the 1585–1610 zone is the critical support level here. If it holds firm and the selling volume cools off, we could reckon on a rebound towards 1680–1730 in a matter of days
But a clean break below that?
That’ll drag the drop down to 1530, and potentially 1500
$SNDK
#USMarketUpdate #Aİ #Market_Update
SanDisk’s sharp drop isn't just a bit of a technical correction—the market’s completely repriced memory expectations
That comes on the back of reports showing NAND flash chip prices slid by 2.9% this week, plus Toshiba’s announcement that they’re planning to double HDD production for data centres by 2027
These signals have stirred up proper worries about future oversupply, despite the strong demand we're seeing for AI at the minute
Even Samsung’s record-breaking earnings couldn't save the shares, mind you , Investors saw it as a sign that this rapid growth might be peaking pretty soon
$SNDK
On top of that, rising bond yields put extra pressure on all those highly-valued growth stocks, turning the selling into a proper sector-wide rout across storage
Now, the 1585–1610 zone is the critical support level here. If it holds firm and the selling volume cools off, we could reckon on a rebound towards 1680–1730 in a matter of days
But a clean break below that?
That’ll drag the drop down to 1530, and potentially 1500
$SNDK
#USMarketUpdate #Aİ #Market_Update