# Why SanDisk stock plunged despite Wall Street's bullish outlook — retained record

> Retained news record from news:india-et-markets.

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source: [news](https://highsignal.app/data/news) (news:india-et-markets)  published 2026-07-14 06:24 ingested 2026-07-14 08:00

[original source ↗](https://economictimes.indiatimes.com/markets/us-stocks/news/why-sandisk-stock-plunged-despite-wall-streets-bullish-outlook/slideshow/132383373.cms)

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SanDisk shares plunged about 12.6% in a sharp selloff, extending their decline from late-June highs. The drop came amid broader weakness in semiconductor and AI-related stocks. Despite the setback, the stock remains one of the best-performing chip names in 2026 following its strong year-to-date rally. (Sources: The Motley Fool, Trefis)
The decline was largely driven by profit-booking after SanDisk's remarkable rally this year. Broader pressure on semiconductor stocks and concerns over elevated valuations also weighed on investor sentiment, prompting traders to lock in gains.
Despite the sharp correction, several Wall Street analysts continue to recommend buying the stock. Firms including Evercore ISI and Citi maintained bullish views, arguing that the recent weakness does not change SanDisk's long-term growth outlook.
Analysts believe SanDisk is well positioned to benefit from rising AI-driven storage demand and favorable NAND market dynamics. Long-term supply agreements are expected to improve revenue visibility, while tighter industry supply could support stronger pricing and profitability over the coming quarters.
Investors will now focus on SanDisk's upcoming earnings and management commentary for clues about AI demand, memory pricing, and business execution. While near-term volatility may continue, many analysts believe the recent selloff could prove to be a temporary correction within a longer-term growth story.
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document fetched 2026-07-14 08:00