TradingKey – After experiencing a significant rally in the first half of the year, SanDisk ( SNDK )’s stock price has recently entered a deep correction phase.

SanDisk’s stock price hit an all-time high of $2,354.39 on June 25, but fell to around $1,096 at one point on July 29, a pullback of over 50%. Since entering August, the stock price has rebounded somewhat. As of August 4, the stock price rebounded to $1,427.62, still down about 40% from its all-time high.

In the first half of 2026, capital flooded into the memory chip sector, but in recent weeks investor sentiment has turned cautious. The memory sector has faced successive sell-offs, and the overall semiconductor chip market has weakened in tandem.