Major Stocks Including Freeport-McMoRan, Harmony Biosciences, and Cohu Decline on Wednesday
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 24 2025
0mins
Should l Buy SNDK?
Source: Benzinga
U.S. Stock Market Performance: U.S. stocks declined, with the Dow Jones index dropping over 150 points, influenced by significant losses in various companies, particularly Freeport-McMoRan, which fell 16.4% after issuing disappointing sales guidance and reporting fatalities at its mine.
Notable Stock Declines: Other companies also experienced substantial losses, including Zhengye Biotechnology (-28.2%), Harmony Biosciences (-14.6%), and Cohu, Inc. (-12.7%), with Harmony's decline attributed to unmet clinical trial expectations and a lowered price target from Needham.
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Analyst Views on SNDK
Wall Street analysts forecast SNDK stock price to fall
14 Analyst Rating
11 Buy
3 Hold
0 Sell
Strong Buy
Current: 920.990
Low
220.00
Averages
283.69
High
410.00
Current: 920.990
Low
220.00
Averages
283.69
High
410.00
About SNDK
SanDisk Corporation is a developer, manufacturer and provider of data storage devices and solutions based on NAND flash technology and has consumer brands and franchises globally. The Company's solutions include a range of solid state drives (SSDs) embedded products, removable cards, universal serial bus (USB) drives, and wafers and components. Its broad portfolio of technology and products addresses multiple end markets of Datacenter, Edge and Consumer. Its Datacenter end market is composed primarily of products for public or private cloud environments and enterprise customers. The Company, through the Edge end market, provides original equipment manufacturer and channel customers a broad array of high-performance flash solutions across personal computer, mobile, gaming, automotive, virtual reality headsets, at-home entertainment, and industrial spaces. The Company serves the Consumer end market with a broad range of retail and other end-user products.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Portfolio Strategy: Cramer stresses the importance of maintaining a balance between hot and cold stocks in an investment portfolio to mitigate the risk of market leaders quickly losing favor, advising against an over-concentration in technology stocks to avoid losses.
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- Nasdaq Inclusion Impact: SanDisk is set to officially join the Nasdaq 100 index on Monday, with an 8% rise since the announcement, which is expected to attract institutional buying, potentially leading to a surge in trading volume and market volatility.
- Memory Chip Supercycle: The memory chip sector is experiencing a 'supercycle' driven by surging demand from AI data centers, with analysts predicting strong demand for the next few years, reflected in quarterly earnings from major players like Micron, Seagate, and Western Digital.
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- Flash Market Outlook: Sandisk's stock surged 275% in 2026, driven by strong demand for SSDs from data centers, with forecasts predicting a 234% increase in NAND flash prices, providing robust support for Sandisk's continued growth.
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- Rapid Product Growth: Palo Alto's Prisma AIRS platform saw a threefold increase in customer count from fiscal Q1 to Q2, indicating strong demand in securing AI applications, which is expected to further drive long-term growth for the company.
- Improved Revenue Pipeline: Palo Alto's remaining performance obligation (RPO) increased by 23% year-over-year to $16 billion in fiscal Q2, exceeding the 15% revenue growth, suggesting enhanced market acceptance of its AI-focused offerings.
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