---
symbol: "SNDK"
name: "SanDisk"
date: 2026-11-02
change_pct: -4.057177094924238
direction: "down"
event_type: "other"
url: "https://perplo.app/why/SNDK/2026-11-02"
updated_at: 2026-11-02T16:06:56.864Z
---

# Why SanDisk (SNDK) fell 4.06% on November 2, 2026

SanDisk (SNDK) fell 4.06% on November 2, 2026 — Kioxia flash-price fade weighs on SanDisk.

## What happened

SanDisk fell 4.1% after Kioxia said the flash-price surge is fading, coming right after SanDisk beat expectations. The market is reading Kioxia's comment as a sign that NAND pricing has peaked.

## Why it moved

SanDisk's margin tailwind came from tight NAND supply pushing prices up, so a fading price surge puts that earnings lift at risk. The stock is repricing the next few quarters rather than the beat itself.

## Why it matters

SanDisk is a NAND leader inside the AI Memory theme, where AI demand tightened DRAM, HBM and NAND supply for months.

## What would break the thesis

If NAND pricing stays firm, or Kioxia's read turns out to be temporary, the selloff can reverse quickly. Watch the next contract-price data points, since they will confirm or refute the peak thesis.

## Sources

- [Sandisk Sinks 13% Last Friday After a Beat: Kioxia Says the Flash Price Surge Is Fading](https://finnhub.io/api/news?id=20f9d899fab4f29d6f0b5b84554626c7e8a753e229e3d9de6ad71480fc669eed) — Yahoo

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