Why Is Sandisk Stock Falling on Thursday?
Sandisk Corp.(NASDAQ:SNDK) stock declined during Thursday's trading session following a sector-wide profit-taking rotation out of high-momentum artificial intelligence hardware and memory chip stocks into AI software equities.
Sandisk Corp.（納斯達克代碼：SNDK）股價在周四交易時段下跌，原因是整個類股出現獲利了結輪動，資金從高動量的人工智慧硬體和內存晶片股轉向人工智慧軟件股。
The downturn also reflects investor focus on potential risks tied to Chinese memory manufacturing. Nasdaq futures are down 0.07% while S&P 500 futures have gained 0.09%.
此次下跌還反映出投資者對與中國內存製造相關潛在風險的關注。納斯達剋期貨下跌0.07%，而標普500指數期貨上漲0.09%。
Profit-Taking After Massive Rally
大規模反彈後出現獲利回吐
The Thursday drop follows recent volatility for the memory manufacturer. Despite a decline in Wednesday's premarket session due to a broader risk-off market, Sandisk stock entered the week up over 756.10% year-to-date and 4,297.79% over the past year.
周四的下跌緊隨這家內存製造商近期的波動。儘管由於更廣泛的避險情緒，Sandisk股價在周三盤前交易中下滑，但該股年初至今已上漲超過756.10%，過去一年上漲了4,297.79%。
High-momentum technology stocks frequently experience sharp swings when investors lock in gains following extended rallies.
高動量科技股在投資者於持續上漲後鎖定收益時，經常出現劇烈波動。
Bank of America Projects Sustained Imbalance
美國銀行預計供需失衡將持續
The pullback occurs despite positive long-term projections from Wall Street. On Wednesday,Bank of AmericaanalystWamsi Mohanreiterated a Buy rating on Sandisk and raised his price forecast from $2,100 to $2,500.
儘管華爾街對長期前景持樂觀看法，但回調仍然發生。周三，美國銀行分析師Wamsi Mohan重申對Sandisk的買入評級，並將其目標價從$2,100上調至$2,500。
"We expect supply/demand imbalance in the NAND market to remain through 2027," Mohan wrote in a client note, adding that pricing should hold up through mid-2027.
Mohan在一份客戶報告中寫道：「我們預計NAND市場的供需失衡將持續到2027年」，並補充稱價格應能維持到2027年年中。
Mohan modeled $9.1 billion in revenue and $37.01 earnings per share for the June quarter, outpacing consensus estimates and company guidance of $7.75 billion to $8.25 billion in revenue.
Mohan對六月季度的營收預測為$91億，每股收益為$37.01，均高於市場普遍預期以及公司給出的$77.5億至$82.5億的營收指引。
China Supply Headwinds Loom
中國供應面逆風隱現
Traders remain focused on competitive risks originating from China. Mohan flaggedYangtze Memory Technologies Co.,orYMTC, as a key structural risk, noting that fresh supply could unwind NAND pricing faster than anticipated.
交易員仍聚焦於來自中國的競爭風險。Mohan將長江存儲科技有限公司（Yangtze Memory Technologies Co.，簡稱YMTC）列為關鍵的結構性風險，並指出新增供應可能比預期更快地壓低NAND價格。
His base case assumes YMTC will focus on domestic Chinese customers rather than global markets.
他的基準情景假設YMTC將專注於中國國內客戶，而非全球市場。
Concurrently, industry analystMing-Chi Kuonoted on Sunday that the "memory supply-demand gap will keep widening through 2027." Kuo stated thatApple Inc.is actively lobbying the U.S. administration regardingChangXin Memory Technologies(CXMT) to secure additional DRAM supply sources.
與此同時，行業分析師Ming-Chi Kuo周日指出：「存儲器供需缺口將持續擴大至2027年。」Kuo表示，蘋果正在積極遊說美國政府，就長鑫存儲技術（CXMT）爭取更多的DRAM供應來源。
Critical Technical Levels for SNDK Stock
SNDK股票的關鍵技術位
The bigger-picture trend is still pointed up: the stock is trading 1.9% above its 20-day SMA ($1956.03), 25.1% above its 50-day SMA ($1593.62), and 186.7% above its 200-day SMA ($695.08). Those distances matter because they show how extended the longer-term move has been, even after the recent cooling.
更大的趨勢仍然向上：該股目前交易價格較其20日簡單移動平均線（$1956.03）高出1.9%，較其50日簡單移動平均線（$1593.62）高出25.1%，並較其200日簡單移動平均線（$695.08）高出186.7%。這些距離很重要，因為它們顯示了即使在近期回調之後，長期走勢的延伸程度。
RSI is the cleaner momentum lens right now, sitting at 54.24.
RSI目前是更清晰的動量指標，處於54.24。
The moving-average structure remains constructive, with the 20-day SMA above the 50-day SMA and the 50-day SMA above the 200-day SMA—classic bullish alignment for longer-term trend followers.
移動平均線結構仍具建設性，20日簡單移動平均線高於50日簡單移動平均線，而50日簡單移動平均線又高於200日簡單移動平均線——這是長期趨勢跟蹤者眼中的經典看漲排列。
- Key Resistance: $2354.50 — aligns with the recent 52-week high zone near $2354.39, a level that can cap rebounds if sellers defend the prior peak.
- Key Support: $1861 — a nearby pivot area below the current price that traders may watch as the first line in the sand on pullbacks
- 關鍵阻力位：$2354.50 —— 與近期52周高點區域（接近$2354.39）一致，若賣方捍衛此前高點，該水平可能限制反彈。
- 關鍵支撐位：$1861 —— 當前價格下方的一個臨近樞軸區域，交易員可能將其視為回調時的第一道防線。
SNDK Stock Price Activity:Sandisk shares were down 2.54% at $1980.68 during premarket trading on Thursday, according to Benzinga Pro data.
SNDK股價動態：根據Benzinga Pro的數據，周四盤前交易中，閃迪（Sandisk）股價下跌2.54%，報$1980.68。 (Benzinga)