$SNDK After surging 13.69% the previous day, it turned around and fell 4%! SanDisk’s price action is making things tough for those who chased the rally.

SanDisk closed at $937.46 on November 12, with an intraday low of $869.46 and trading volume of about 13.26 million shares. Such large price swings point to a serious divergence among investors.

But SanDisk’s fundamentals are not bad.

Its latest quarterly revenue was $11.031 billion, up 23% quarter over quarter, with its data center business growing 61%. Demand for storage driven by the expansion of AI computing capacity is clearly showing up in its results.

More interestingly, the company will implement an 8-for-1 stock split on November 19, with shares beginning to trade at the split-adjusted price on the 20th. But a stock split creates no additional value, so don’t mistake it for a catalyst that guarantees a rise.

The market is now concerned about whether AI investment can continue and whether the NAND storage price cycle will reverse.

For trading, the short-term outlook is cautious. The $870–$900 range is near-term support; if $870 breaks, watch for another test of $804. To the upside, the first level to watch is $980–$1,010; only a sustained move back above it would open the door to further recovery.

On one side, there are strong growth results; on the other, a continuously falling share price.

Is SNDK being unfairly punished by the market, or are the high valuations in the AI storage sector being repriced?#Gate股票畅聊季 #每周来晒