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 now, the momentum is still strong, but after such a historic move, managing risk becomes more important.
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