#Gate股票畅聊季 SanDisk (SNDK) closed at $885.01 on November 13, down 5.59%, with a market cap of about $125.9 billion. It is up about 273% this year, but has fallen more than 60% from its June peak.
Stock price trends
· Over the past month: It fell from above $1,500 to around $800, down about 42% in total.
· November 5: Fell 22.26% in a single day, closing at $806.43.
· November 11: Rebounded 13.69%, briefly climbing back above $1,000.
· November 13: Fell another 5.59%, with trading value exceeding $10.7 billion.
Why the stock is falling despite strong results
· Data centers are growing: First-quarter revenue was $11.03B, up 23% quarter over quarter; data center revenue rose 61% quarter over quarter.
· Consumer is weakening: Revenue from storage products used in phones and computers fell 29% quarter over quarter.
· Prices have peaked: The company said retail and spot prices for solid-state drives have already started falling, while enterprise products are still rising.
· The market is pricing in expectations early: A P/E ratio of only about 7x indicates that high profit expectations are already priced into the stock.
What to watch next
· Stock split: An 8-for-1 split will take effect after the close on November 19, with trading at the new price starting on the 20th. The split does not change the company's value.
· Support: Around $800 before the split, equivalent to $100 after the split.
· Resistance: $1,000 before the split, equivalent to $125 after the split.
SanDisk's fundamentals have not deteriorated, and AI demand for storage remains strong. The main risks right now are slowing NAND price increases and market concerns that the cycle has already peaked.$SNDK
Stock price trends
· Over the past month: It fell from above $1,500 to around $800, down about 42% in total.
· November 5: Fell 22.26% in a single day, closing at $806.43.
· November 11: Rebounded 13.69%, briefly climbing back above $1,000.
· November 13: Fell another 5.59%, with trading value exceeding $10.7 billion.
Why the stock is falling despite strong results
· Data centers are growing: First-quarter revenue was $11.03B, up 23% quarter over quarter; data center revenue rose 61% quarter over quarter.
· Consumer is weakening: Revenue from storage products used in phones and computers fell 29% quarter over quarter.
· Prices have peaked: The company said retail and spot prices for solid-state drives have already started falling, while enterprise products are still rising.
· The market is pricing in expectations early: A P/E ratio of only about 7x indicates that high profit expectations are already priced into the stock.
What to watch next
· Stock split: An 8-for-1 split will take effect after the close on November 19, with trading at the new price starting on the 20th. The split does not change the company's value.
· Support: Around $800 before the split, equivalent to $100 after the split.
· Resistance: $1,000 before the split, equivalent to $125 after the split.
SanDisk's fundamentals have not deteriorated, and AI demand for storage remains strong. The main risks right now are slowing NAND price increases and market concerns that the cycle has already peaked.$SNDK
