SanDisk Unveils BiCS10 3D NAND as Stock Plummets Amid Sector Rotation

On July 2, 2026 SanDisk began sampling its tenth-generation BiCS10 3D NAND, a 332-layer TLC chip co-developed with Kioxia. The 1 Tb part offers 59 % higher bit density than BiCS8, 4.8 Gb/s interface speed, and 10 % lower write and 34 % lower read power. The announcement coincided with a 14.13 % share drop to $1,762.01, pushing the stock below its 20-day moving average.

Sandisk Stock Drops 14% Despite New BiCS10 3D NAND Launch

Since its 2025 spin-off from Western Digital, SanDisk has been a pure-play AI-memory stock. Q3 FY 2026 revenue jumped 251 % YoY to $5.95 billion, driven by a 233 % QoQ rise in data-center sales to $1.467 billion. A near-900 % YTD price gain left the shares exposed to profit-taking as semiconductor sentiment softened. The sector’s shift toward AI software and the upcoming SK Hynix Nasdaq debut amplified the sell-off.

SanDisk Stock Price Forecast: Short-Term Correction to $1,500 Possible, Storage Chip Demand Supports Potential Rise to $3,000

BiCS10 delivers 332 layers, 59 % higher bit density, 4.8 Gb/s interface, and 10 %/34 % lower write/read power. Q3 FY 2026 revenue reached $5.95 billion (+251 % YoY) with data-center sales of $1.467 billion (+233 % QoQ). Guidance for Q4 projects $7.75-$8.25 billion revenue and $30-$33 non-GAAP EPS. The stock fell 14.13 % on July 2 and is down roughly 23 % from recent highs. Analysts list 22 price targets from $1,000 to $3,250, averaging $1,864 (?6.8 % above the market).

SanDisk Stock Price Forecast: Short-Term Correction to $1,500 Possible, Storage Chip Demand Supports Potential Rise to $3,000

Bernstein’s Mark Newman lifted his target to $3,000, citing long-term supply contracts that lock pricing through 2030. Bank of America’s Wamsi Mohan raised his target to $2,500, noting a continued NAND supply-demand imbalance through 2027. Jefferies and Susquehanna maintain bullish $3,000-plus targets, while Morgan Stanley stays at $1,750, warning against “blind buying” in memory chips.

SanDisk Stock Price Forecast: Short-Term Correction to $1,500 Possible, Storage Chip Demand Supports Potential Rise to $3,000

Analysts view the drop as a technical correction, not a fundamental flaw. Morgan Stanley cautioned against indiscriminate buying of memory chips, urging selective exposure. The SK Hynix Nasdaq debut, expected to raise $29 billion, could erode SanDisk’s premium by adding a deep-pocketed alternative.

SanDisk's 26% Plunge Accelerates as SK Hynix's Nasdaq Arrival Intensifies AI Chip Sell-Off

Analyst targets range from $1,000 to $3,250, showing no consensus. Bernstein and Jefferies see strong upside, while Morgan Stanley’s near-par target signals lingering doubt. The effect of SK Hynix’s entry on NAND pricing remains unquantified.

SanDisk Stock Price Forecast: Short-Term Correction to $1,500 Possible, Storage Chip Demand Supports Potential Rise to $3,000

• “We expect supply/demand imbalance in the NAND market to remain through 2027,” — Wamsi Mohan, Bank of America analyst

SanDisk stock slides 14% as AI chip selloff overshadows bullish calls

• “memory supply-demand gap will keep widening through 2027.” — Ming-Chi Kuo, industry analyst

SanDisk stock slides 14% as AI chip selloff overshadows bullish calls

• “is lobbying the US administration regarding ChangXin Memory Technologies (CXMT) to secure additional DRAM supply sources.” — Ming-Chi Kuo, industry analyst

SanDisk stock slides 14% as AI chip selloff overshadows bullish calls

• “The BiCS10 1Tb product delivers 59 percent higher bit density than BiCS8.” — SanDisk corporate statement

Sandisk Stock Drops 14% Despite New BiCS10 3D NAND Launch

SanDisk’s next earnings release will test whether gross margins can stay above 50 % amid rising competition. Technical analysts watch $1,500 as a support level and $1,900–$2,300 as resistance. The market will also gauge how SK Hynix’s Nasdaq debut reshapes pricing dynamics for AI-driven NAND demand.

SanDisk's 26% Plunge Accelerates as SK Hynix's Nasdaq Arrival Intensifies AI Chip Sell-Off