Why Sandisk Shares Are Tumbling and What Investors Should Know
Sandisk stock is up some 470% year to date.
Overview
Sandisk (NASDAQ: SNDK) has been a breakout success since it went public in February 2025, following its spinoff from Western Digital. The returns for this flash memory storage drive manufacturer for artificial intelligence (AI) accelerators, quite frankly, have been staggering.
After its IPO in February 2025, it began trading at $36 per share on Feb. 13, 2025. Roughly 17 months later, on July 20, it is trading at about $1,420 per share. That's a total return of roughly 3,844%, including a 470% year-to-date return.
Details
What's even more shocking than that is that this return includes a massive sell-off in recent weeks.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.