After SanDisk’s ($SNDK) sharp decline, what’s the outlook? SanDisk has been consistently correcting from its recent highs, not due to the disappearance of its AI narrative, but because of valuation adjustments following an excessive prior rally, coupled with broader cooling in the semiconductor sector, prompting the market to reassess the storage cycle. From a technical perspective: The key support zone is currently at $1,230–$1,250. If this level holds, it could trigger a bounce from oversold conditions. The first resistance above is at $1,320–$1,450. A breakout above $1,450 would open the path toward the next target range: $1,500–$1,600. However, note that the daily trend remains weak; the current movement appears more like a corrective rebound rather than a confirmed reversal. The long-term fundamentals for SanDisk remain intact—demand for data centers and storage in the AI era is still strong. Focus in the short term should be on whether the support level holds.