SanDisk$SNDK Crashes 15% Overnight! Is $794 a Golden Buying Opportunity or an Abyss?

On the evening of November 5, the “blue wave” in the U.S. midterm elections sparked fears of AI regulation. Democrats are pushing to tighten restrictions on data center expansion, and the Texas suspension order may be extended, triggering a broad sell-off in memory chips. SanDisk, a high-beta AI storage play, was caught in the rout, plunging from above $1,000 intraday to $794, down 15.34% for the day. The Philadelphia Semiconductor Index also tumbled nearly 10%.

At its core, this is a policy black swan hitting the AI computing-power narrative, with panic selling concentrated in memory leaders that had surged too far in the earlier rally.

Is $794 the iron floor of this AI storage cycle, or just halfway down? @老张说趋势 Ongoing coverage

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