We've been seeing one of the strongest memory moves in recent market history. After spinning off as an independent company in early 2025, $SanDisk Corp.(SNDK)$ spent a while consolidating before breaking out and entering a strong uptrend. The stock has had an extraordinary run, fueled by the AI infrastructure boom and renewed demand for memory. From a technical standpoint, it's notable how the price has respected short-term trend support. Recent pullbacks toward the 9 EMA have been quickly bought up, showing continued strength. The next major thing to watch for is a sustained break below key moving averages. Losing the 21 EMA would signal a more significant trend shift, which could affect the broader AI, data center, and memory space. For no
$SanDisk Corp.(SNDK)$ I'm keeping an eye on the $2800 level, with the next resistance around $4200. The long-term target I'm watching for is still $8500.
$SanDisk Corp.(SNDK)$ Honestly, I wish I had the funds to buy into this dip. From what I can see, they are likely to post another strong earnings beat, and a stock split could also be on the table.