Business & Finance
Sandisk Earnings Give Dip Buyers an Opening After Stock’s Plunge
Key Points
Sandisk Earnings Give Dip Buyers an Opening After Stock’s Plunge Sandisk Corp.’s high flying stock tumbled back to Earth last month. Its earnings after the market closes Wednesday will test whether strong results are enough to entice investors to buy in again. Shares of the maker of memory storage components plunged 47% in July, erasing more than $150 billion in market value in their worst monthly performance since going public in February 2025.
Sandisk Earnings Give Dip Buyers an Opening After Stock’s Plunge
Sandisk Corp.’s high flying stock tumbled back to Earth last month. Its earnings after the market closes Wednesday will test whether strong results are enough to entice investors to buy in again.
Shares of the maker of memory storage components plunged 47% in July, erasing more than $150 billion in market value in their worst monthly performance since going public in February 2025. The stock remains the best performer in the S&P 500 Index this year, soaring 501%, but that’s a substantial comedown from the end of June when it was up 858% in 2026. It’s back on a roll this week, jumping 6% on Monday and another 11% on Tuesday.