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SanDisk shares got crushed ~8% today after a major equity research firm sharply cut its near-term NAND flash price forecasts, citing average selling prices declining faster than previously modeled โ and Argus Research initiated coverage with a lukewarm Hold rating, adding to the pain. Memory chip stocks have been under heavy selling pressure all week as the AI hardware trade rotates, with SNDK dropping multiple sessions in a row. Not financial advice. Is this a dip worth buying in the memory cycle, or do you see more downside before NAND stabilizes?
Just okay.