SanDisk stock is testing support near the $1,350 level. The share price fell nearly 30% over the previous week. The stock closed at $1,354.82 before showing a slight pre-market recovery on July 20, 2026.
Investor anxiety over AI valuations and infrastructure spending triggered the sell-off. The company recently reported record-breaking quarterly earnings despite the market volatility.
Revenue increased 251% year-over-year driven by surging data-center demand. Analysts upgraded the stock to a long-term Strong Buy on July 20. The upgrade cites a strategic shift toward a high-margin, AI-focused enterprise model.