Updated 14 November 2026, 07:00 GMT. Sandisk (SNDK) closed Friday at $885.01, down $52.45 or 5.59 percent, as the AI chip sell-off that followed Nvidia’s CEO exit spread to memory stocks (Yahoo Finance, StockAnalysis). That is about $110.63 a share after the 8-for-1 split, which takes effect for trading on Friday 20 November. Verdict: the stock has given back most of Wednesday’s rebound. Nvidia’s results on Tuesday are the main test before the split. Reference levels: $978 above, $806 below.

Key facts

  • Friday close: $885.01, down 5.59 percent from Thursday’s $937.46 (Yahoo Finance, StockAnalysis).
  • Friday range: opened at $915.86, high $939.53, low $848.50 (StockAnalysis). After-hours quotes were around $865 to $868.
  • The past week: $806.43 on 5 November after a 22 percent fall, $977.69 on 11 November after a 13.7 percent rally, then two down days.
  • The month: down about 34 percent over the past month, though still up about 251 percent over 12 months (The Motley Fool).
  • Split: 8-for-1. Record date 9 November, new shares distributed after the close on 19 November, split-adjusted trading from Friday 20 November (Sandisk 8-K).
  • Next catalyst: Nvidia’s third-quarter results on Tuesday 17 November, released at about 1:20 p.m. Pacific time, with the call at 2 p.m. Pacific (Nvidia investor relations).

Why Sandisk fell on Friday

The trigger was the same as on Thursday. Nvidia said on 12 November that Jensen Huang had resigned as chief executive, effective immediately, and named finance chief Colette Kress interim CEO. Investors have been cutting exposure across AI hardware since. On Friday the selling hit the memory makers hardest: Sandisk fell more than 8 percent at one point, while SK Hynix and Micron were down about 5 percent and 4.5 percent during the session (Invezz). Micron closed down 2.5 percent; our Micron page covers its week.

Sandisk sells much of its flash storage into data centres, where it sits alongside Nvidia’s chips in AI systems. Investors worry that a leadership change at Nvidia could slow AI spending, and Sandisk’s rally was built on that build-out.

There is also a Sandisk-specific worry. Investing.com cited a Counterpoint Research estimate that Sandisk’s share of global NAND flash revenue fell to 11 percent in the second quarter of 2026 from 13 percent in the first. Stronger rivals in NAND would make it harder for Sandisk to keep its margins if prices stop rising.

Thursday’s recovery did not last. The stock had bounced from $869.49 to close at $937.46, as our Friday Sandisk page reported. On Friday it fell through that low and closed only about 3.6 percent above the session’s $848.50 bottom.

The 8-for-1 split, in numbers

Holders on the 9 November record date get seven extra shares for each one they own. The value of a holding does not change; every per-share number is divided by eight. From 20 November, quotes, targets and options strikes will all be on the new basis. Our split explainer has the timetable.

Level Pre-split Split-adjusted
Friday close $885.01 $110.63
Friday low $848.50 $106.06
5 November close $806.43 $100.80
11 November close $977.69 $122.21
JPMorgan target $2,250 $281.25

What analysts say

JPMorgan’s Harlan Sur has an Overweight rating and a $2,250 target, or $281.25 after the split (Benzinga). Wells Fargo cut its target to $1,300 from $1,550 and RBC to $1,400 from $1,600. Susquehanna trimmed its target to $2,720, and Melius Research has the Street-high $3,600 (Benzinga, The Motley Fool). MarketBeat puts the consensus at $2,056.23. Every one of those targets is far above Friday’s close. They are 12-month views on the business; the table below covers the coming week.

Sandisk stock: bull, base and bear for the week ahead

Scenario SNDK (pre-split) Split-adjusted What has to happen Anchor
Bear $806 $100.80 Nvidia’s results or guidance disappoint and memory stocks keep selling off. The 5 November close of $806.43; about 8.9 percent below $885.01.
Base $850-$940 $106.25-$117.50 The stock trades inside Friday’s range into the split. Friday’s $848.50 low and $939.53 high.
Bull $978 $122.21 Nvidia’s numbers calm the leadership worry and chip stocks rebound. The 11 November close of $977.69; about 10.5 percent above $885.01.

The bear case sits below the current price. These are reference levels measured from Friday’s close, not forecasts.

What to watch

  • Monday: whether the stock holds Friday’s $848.50 low, with after-hours trading already near $865.
  • Tuesday 17 November: Nvidia’s results, the first under interim CEO Kress. Our Nvidia page covers the leadership change.
  • Thursday 19 November: new shares distributed after the close.
  • Friday 20 November: the first day of split-adjusted trading, around $110 at Friday’s close.

Quick take: Sandisk fell 5.59 percent to $885.01 on Friday as the selling that followed Nvidia’s CEO exit spread to memory stocks. That is about $110.63 after the 8-for-1 split, which starts trading on 20 November. Nvidia reports on Tuesday. $806 is the downside reference, $978 the upside.

FAQ

What is Sandisk’s stock price today?

US markets are closed on Saturday. Sandisk closed Friday 13 November at $885.01, down 5.59 percent, and traded near $865 after hours.

Why did Sandisk stock fall on Friday?

AI chip stocks sold off after Nvidia’s CEO resigned on 12 November, and memory makers were hit hardest. Investing.com also pointed to a Counterpoint estimate showing Sandisk lost NAND market share in the second quarter.

When does the Sandisk stock split happen?

New shares are distributed after the close on 19 November, and the stock trades on a split-adjusted basis from Friday 20 November. The ratio is 8-for-1.

What will Sandisk’s price be after the split?

Divide by eight. Friday’s $885.01 close is about $110.63 on a split-adjusted basis. The real price on 20 November will depend on trading before then.

Does the split change what my shares are worth?

No. You get eight shares for each one, each worth an eighth as much. Options contracts are adjusted the same way.

What is the average analyst target for Sandisk?

MarketBeat puts the consensus at $2,056.23 before the split, or about $257 after it. Targets range from $1,300 at Wells Fargo to $3,600 at Melius Research.

Sources: Yahoo Finance and StockAnalysis, 13 November 2026 (close, range, after-hours quotes); Invezz, 13 November 2026 (intraday and peer moves); Investing.com, 13 November 2026 (Counterpoint estimate); The Motley Fool, 13 November 2026 (one-month and 12-month change); Sandisk 8-K and Yahoo Finance (split timetable); Benzinga, The Motley Fool and MarketBeat (analyst targets); Nvidia investor relations (results timing); FinanceFeeds Sandisk pages of 31 October and 13 November (prior closes).

Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Stock prices are volatile. Do your own research and consult a licensed financial adviser before making investment decisions.