$SanDisk Corp.(SNDK)$ $Micron Technology(MU)$ $SPDR S&P 500 ETF Trust(SPY)$ It's pretty wild to see the whole AI momentum in the US take such a hit recently, and it's largely traced back to Korean stocks like SK and Samsung. The main drivers seem to be local rebalancing laws and issues with highly leveraged trading over there. Honestly, it feels a bit odd that factors unrelated to the core strength and financials of so many AI companies can have such a heavy impact on the US trade. It's a strange situation to watch unfold.
For those focused on short-term moves, the 21-day EMA on the daily chart can be a useful reference point. A few stocks seem to be showing clearer risk/reward setups after recent declines: $SanDisk Corp.(SNDK)$ is down about 18% from its highs. $Micron Technology(MU)$ is down about 21%. $NEBIUS(NBIS)$ is down about 27%. $ARM Holdings(ARM)$ is down about 25%. The recent pullback has given the impression of a short-term reset for these names. From my perspective, the main thing to watch is how they behave around key technical levels and if there's any renewed buying interest. It often feels like solid c
We've been seeing one of the strongest memory moves in recent market history. After spinning off as an independent company in early 2025, $SanDisk Corp.(SNDK)$ spent a while consolidating before breaking out and entering a strong uptrend. The stock has had an extraordinary run, fueled by the AI infrastructure boom and renewed demand for memory. From a technical standpoint, it's notable how the price has respected short-term trend support. Recent pullbacks toward the 9 EMA have been quickly bought up, showing continued strength. The next major thing to watch for is a sustained break below key moving averages. Losing the 21 EMA would signal a more significant trend shift, which could affect the broader AI, data center, and memory space. For no
$SanDisk Corp.(SNDK)$ I'm keeping an eye on the $2800 level, with the next resistance around $4200. The long-term target I'm watching for is still $8500.
$SanDisk Corp.(SNDK)$ Honestly, I wish I had the funds to buy into this dip. From what I can see, they are likely to post another strong earnings beat, and a stock split could also be on the table.