$SNDK was up 8.17% premarket at $930.21 on Nov.
$SNDK was up 8.17% premarket at $930.21 on Nov. 11, more than erasing the 2.99% slide to $859.99 at the Nov. 10 close. I'd watch the regular session before trusting this bounce. My read on memory is still skeptical, and one CoreWeave report doesn't fix the cycle for me.
- Barron's framed Sandisk as leading an AI-driven memory revival with "far to go." The Nov. 10 drop came amid reported regulatory and NAND pricing worries after a steep multiweek decline.
- The premarket rebound was sector-wide. Reports tied it to CoreWeave's Nov. 10 results, $3.661 billion in Q3 revenue and raised 2026 guidance, which eased fears about AI infrastructure demand.
- Practical checklist: does the premarket gain hold through the open, do MU and WDC confirm it, and does NAND pricing chatter quiet down? There's also the 8-for-1 split, with split-adjusted trading set for Nov. 20, which tends to pull in hype buyers.
- Fundamentals are real. Sandisk reported fiscal Q1 2027 revenue of $11.0 billion on Oct. 29.
If AI demand keeps memory prices high long enough that the usual cycle never shows up, my skepticism is wrong, and I could be. Until then I'd rather wait for a pullback after the split noise than chase an 8% premarket pop.
Sources:
https://www.streetinsider.com/Investing/SanDisk+shares+drop+on+regulatory+and+pricing+worries/27321318.html
https://www.tradingkey.com/analysis/stocks/us-stocks/262300338-us-storage-stocks-rebound-wdc-mu-sndk-rally-tradingkey
https://www.cnbc.com/2026/11/10/coreweave-crwv-q3-earnings-report-2026.html
Source:
Barron's: https://www.barrons.com/articles/sandisk-memory-stock-rally-ai-965b9891
Not financial advice. For informational and educational purposes only.
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