$1,345 SNDK—dare to buy the dip?

First, look at the surface: a high-volume selloff from the top, with retail investors panicking and shouting “crash.”

Over the past month, it plunged from 2,350+ to around 1,350, a drop of more than 42%, and down more than 23% over 5 days. Yesterday, the intraday low smashed to 1,325. The whole internet is in anguish, and KOLs are shouting that the “AI bubble has burst.”

First thing: from 28 to 2,354, a 42% drop is a normal pullback—not a crash.

In February 2025, when it was spun off from Western Digital, SNDK was only $28. In 15 months it surged 8,000%+, and since the start of this year it’s still up 454%, with a gain of 3,000%+ over 1 year.

A stock that’s up 8,000%—a 40% pullback gets called a “healthy shakeout,” not a “trend reversal.”

Second thing: Wall Street is aggressively raising price targets, yet you’re bearish.

On July 1, Bank of America raised its target price from $2,100 to $2,500. The same day, Bernstein raised its target price from $1,700 by 76% to $3,000. On July 10, Morgan Stanley raised its target price from $1,100 to $1,750. On July 15, Société Générale raised its target price from $1,200 to $1,900.

The highest target price given by analysts has reached $3,250. At the current price of $1,350, Wall Street’s average upside potential is still 58%.

Third thing: the fundamentals haven’t collapsed—if anything, they’re accelerating.

Q3 revenue was $5.95 billion, up 251% year over year, and gross margin surged to 78.4%. The data center business jumped 233% quarter-over-quarter. Zero long-term debt, and ample cash.

Even more brutal: on the supply side, NAND capacity is expected to shrink by 5% in 2026, with no added capacity before 2028. On the demand side, in 2026, data centers will become the largest NAND market for the first time, and the CEO raised the demand growth outlook to nearly 70%.

Meta just signed multi-year flash memory procurement agreements. Any imbalance between supply and demand will only keep getting worse.

Fourth thing: on Solana, you can still trade SNDK 24/7—this might be the most wild move you’ve ever seen.

Backpack Securities issued a tokenized version on Solana that is 1:1 backed by real SNDK shares. It can be traded 24/7 and redeemed for actual shares. This is the RWA narrative landing on the U.S. stock market.

While you trade U.S. stocks in the daytime, you trade crypto at night—SNDK can be traded for 24 hours a day. Liquidity may not match spot stocks, but the narrative value is huge.

Bull vs bear—judge for yourself.

On one side is:

Wall Street’s average target price: 2,144; highest: 3,250; current: 1,350

Q3 revenue +251%, gross margin 78.4%, data centers +233%

NAND supply-demand imbalance persists until 2028, with no new capacity

An August 5 earnings report catalyst is coming soon

It has rebounded from the 1,325 low, and the storage sector is collectively making a comeback

On the other side is:

Down 42% in a month, and the short-term trend has broken down

Supply concerns triggered by the China Changxin Storage IPO

Fed policy leaning hawkish, with tech stock valuations already high

Massive profit-taking, with heavy overhead trapped positions

Key levels

Resistance: 1,500–1,600 → 1,800–2,000 → 2,354 (all-time high)

Support: 1,300–1,230 → 1,030–1,000

For short-term traders:

Wait for a pullback to 1,300–1,345 to take a small position for a long; stop-loss at 1,230. First target: 1,500–1,600; second target: 1,800.

For swing traders:

Wait for the August 5 earnings report to validate. If results beat expectations + strong volume and it holds above 1,600, then chasing longs on the right side with a target of 2,000+. If it breaks below 1,230, wait first, then enter again when it reaches 1,000–1,100.

For long-term believers:

Build positions in batches below 1,300. AI storage is one of the most certain infrastructure tracks for the next 3–5 years, and SanDisk is the purest-quality exposure. The 2027 target is 3,000+—betting on a rising memory cycle + continued AI expansion.

For tokenized SNDK players:

24/7 trading is an advantage, but liquidity is lower and slippage is larger. It’s suitable for small capital to play the RWA narrative; large capital can directly trade stocks or perpetual contracts.

This isn’t a fundamental breakdown—this is the normal pullback after a surge of 8,000%.

At $1,350 for SNDK, Wall Street says it’s worth 2,144; at the most optimistic view, it’s worth 3,250.

On August 5, after the earnings report, you’ll realize:

It wasn’t that SNDK is bad—it’s that you cut losses at the lowest points every time. #PreIPOs第二期OpenAI认购 #GateDEX全面接入RobinhoodChain #台积电Q2净利暴增77.4% $MU $SNDK $SKHY