SanDisk Loses All Gains in One Day! AI Storage Logic Remains Unchanged, Holding 1600 Becomes Key

2026-08-20 tarihinde yayınlandı2026-08-20 tarihinde güncellendi

Özet

Micron gained 17.5% over five days, SanDisk rose nearly 9% on Monday. The Philadelphia Semiconductor Index's bear market lasted only 21 days, the shortest since March 2020. Analysis points out that the impressive recent financial data disclosed by Anthropic and OpenAI is the most important catalyst for chip stocks currently, enhancing the visibility of AI chip demand.

Market Overview:

Over the past two days, SanDisk (SNDK.US) stock price has experienced a classic 'rise then fall' pattern. On August 17th, positive factors including Morgan Stanley's credit rating upgrade, a White House statement on domestic storage, and $93.9 billion in unfulfilled orders drove the stock price up by 8.88%, reaching a high of $1828. However, on August 18th, the stock price plummeted by 9.01%, with a long bearish candlestick erasing all gains, closing at $1625.78. In after-hours trading, the price fell further to $1586, and in today's pre-market trading, the stock once fell over 10%. Notably, the crash on August 18th was not due to company-specific negative news but rather the release of systemic risk, with the 30-year U.S. Treasury yield reaching its highest level since 2007, the Philadelphia Semiconductor Index falling 4.98%, and the entire memory sector declining (Micron -7%, SK Hynix -9%, Kioxia ADR -13%).

Fundamentals:

The company's super-cycle logic in the field of AI storage remains unchanged, with strong demand for enterprise SSDs and a record high backlog of unfulfilled orders reaching $93.9 billion. The NAND flash supply-demand environment is tight, with solid medium to long-term fundamentals. Short-term volatility stems from its high valuation's extreme sensitivity to interest rates.

Technical Analysis:

The current price is above the 5-day moving average but below the 60-day moving average, with both short and medium-term moving averages still in a bullish alignment. However, a two-day reversal pattern formed from August 17th to 18th, where a large bullish candle was completely engulfed by a large bearish candle, accompanied by increased volume. The J indicator retreated from the overbought zone, indicating weakened short-term momentum. The continued decline in the August 19th pre-market suggests that 1600 is the first key support level for the day. If this support holds, the price may rebound within the 1600-1700 range. If the support breaks, the price could quickly fall back to 1528, and in extreme cases, even to the mid-channel support at 1375.

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