Sandisk shares fell roughly 20% over the last month, driven by a broader semiconductor sell-off that erased $1.3 trillion in value from 20 of the world's most valuable chip stocks between July 24 and 28. The decline was fueled by concerns over AI infrastructure spending and fears that the current shortage of memory and storage solutions may ease in the coming years, potentially returning companies like Sandisk to cyclical boom-or-bust cycles. Despite the drop, analysts remain bullish, with 77% of 30 analysts tracked by CNN rating the stock a buy and a median one-year price target of $2,500. Sandisk's stock is still up over 3,000% over the past 12 months, and supply-demand imbalances for AI-related memory are expected to persist until at least 2028.
