Sandisk Is Still Down 23% in the Past Month. Did Today Just Mark the Bottom for SNDK Stock?

Sandisk shares are down 23% over the past month, trading around $1,395.33, even as the stock has bounced sharply. The drop reflects broader pressure on memory and storage names tied to concerns about AI spending. Western Digital is down 14% to $393.92, while Seagate has fallen 25% to $686.50 during the same period. Sentiment shifted after Seagate reported September-quarter results on October 27, when CEO Dave Mosley said most nearline supply is contracted via long-term agreements through 2028, with some cloud arrangements extending to 2030. Sandisk is up about 6% from the prior close.