Sandisk Falls 8%, Micron Drops 5%: Are Analysts Right to Stay Bullish on Memory Stocks?

2 hours ago 1

David Moadel

Thu, March 26, 2026 astatine 10:19 AM CDT 5 min read

SanDisk (SNDK) banal fell to $623 arsenic the institution commits $1B to get a ~4% involvement successful Nanya Technology, with quarterly escaped currency travel of $980M raising capitalist concerns astir timing amid commercialized argumentation risks.
Micron Technology (MU) banal slipped to $364 with the institution carrying a guardant P/E of 8x and PEG ratio of 0.3, portion its unreality representation concern generated $5.3B successful gross astatine 66% gross margins past 4th contempt elevated capex guidance.
Google’s TurboQuant algorithm threatens to trim AI representation requirements by astatine slightest 6x, creating structural request concerns that override expert statement connected SanDisk and Micron contempt some companies posting beardown net and lawsuit prepayments signaling guardant conviction.
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Sandisk (NASDAQ:SNDK) banal is down 8% successful Thursday trading, with shares falling to astir $623. Meanwhile, Micron Technology (NASDAQ:MU) banal is sliding astir 5% to adjacent $364, extending a brutal week for the representation sector.

Both stocks person been nether unit each week. Sandisk banal has dropped 18% implicit the past 5 trading days, portion Micron banal has besides shed 18%. The selling comes adjacent arsenic some companies posted beardown caller net and transportation bullish expert ratings, raising a pointed question: is the marketplace seeing thing Wall Street is not?

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Several headwinds are converging. Google's TurboQuant algorithm, which reduces key-value cache representation size by astatine slightest 6x without sacrificing accuracy, has raised concerns that AI workloads whitethorn necessitate little representation than antecedently assumed. Today's selling reflects investors weighing that structural hazard against an expert assemblage pushing backmost hard.

The TurboQuant interest continues to measurement connected sentiment crossed the representation space. Analysts defending the assemblage reason the hazard is speculative and long-term. Their halfway argument: representation proviso shortages are intensifying alternatively than easing, and customers are prepaying for ample representation deals, a behaviour that signals genuine guardant request conviction.

The expert statement connected Micron banal reflects that confidence. 38 analysts complaint the banal a bargain oregon beardown buy, against conscionable 2 sells and 3 holds. The mean terms people sits astatine $525, good supra wherever shares commercialized today. As for Sandisk stock, 14 analysts transportation bargain oregon beardown bargain ratings with zero sells, and the statement people is $770, astir 23% supra existent prices.

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