Sandisk Stock Has Lost About 64% Since June. Here's the Price at Which I'd Buy It.

Impact · against what's priced in

The recent sharp decline in Sandisk (SNDK) reflects a market shift toward pricing in the 'bubble' risk of AI capital expenditure, which the stock's previous valuation had explicitly declined. For other AI infrastructure names like NVDA, the daily price volatility is noise that does not alter the long-term structural assumptions already embedded in their prices.

SNDK−0.40

Challenges what's priced in

The price assumes