Updated 13 November 2026, 07:00 GMT, before the US open. Sandisk (SNDK) closed Thursday at $937.46, down $40.23 or 4.11 percent, after Nvidia announced that Jensen Huang had resigned as chief executive (StockAnalysis, MarketBeat). Split-adjusted, that is about $117.18 a share. Verdict: the stock recovered from a $869.49 low and still holds most of Wednesday’s 13.7 percent rally, one week before the 8-for-1 split. Reference levels: $1,037 above, $869 below.
Key facts
- Thursday close: $937.46, down 4.11 percent from Wednesday’s $977.69 (StockAnalysis, MarketBeat).
- Thursday range: opened at $886.85 and touched $869.49 before recovering (Gotrade). GuruFocus had it down 7.83 percent at $901.17 shortly after the open.
- Wednesday: up about 13.7 percent from Tuesday’s $859.99 close, in the chip rally after CoreWeave’s results (Investing.com).
- Last week: a 22.26 percent fall on 5 November, from $1,037.40 to $806.43 (Investing.com historical data).
- Record: an intraday high of $2,354.39 on 22 June 2026, so the stock trades about 60 percent below it (StockAnalysis).
- 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, Yahoo Finance).
- Next catalyst: Nvidia’s quarterly results, scheduled for 17 November.
Why Sandisk fell on Thursday
Nvidia said on 12 November that Huang had stepped down as president, chief executive and director, effective immediately, and named finance chief Colette Kress interim CEO. Our Nvidia report has the details. Investors cut exposure to AI hardware names across the board. 24/7 Wall St. reported that Sandisk, Micron and SK Hynix all slid about 3 percent early in the session.
The link is direct. Sandisk sells a large part of its flash storage into data centres, where it sits alongside Nvidia GPUs in AI systems, as The Motley Fool noted. Any doubt about Nvidia’s spending plans reaches the memory makers quickly. Micron fell less, 1.59 percent; our Micron page from Wednesday covers its own run into the week.
Sandisk recovered most of the early loss. From the $869.49 low to the close it gained almost 8 percent, which kept the stock above Tuesday’s $859.99 close and well above last week’s $806.43 low.
The 8-for-1 split, in numbers
Holders on the 9 November record date receive seven extra shares for each one they own. The new shares are distributed after the close on 19 November and the stock trades on a split-adjusted basis from 20 November. Nothing about the value of a holding changes. Every per-share figure divides by eight, including prices, earnings per share and analyst targets.
| Level | Pre-split | Split-adjusted |
|---|---|---|
| Thursday close | $937.46 | $117.18 |
| Thursday low | $869.49 | $108.69 |
| 4 November close | $1,037.40 | $129.68 |
| JPMorgan target | $2,250 | $281.25 |
Our split explainer covers the timetable, and our options and perpetuals note covers how contracts are adjusted.
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, while Melius Research has the Street-high $3,600 (Benzinga, The Motley Fool). MarketBeat puts the consensus target at $2,056.23. Every one of those targets is above the current price. They are 12-month views on the business; the table below is about the next few sessions.
The October results set the background. Our week-ahead page from 31 October covered the 13 percent drop that followed the report.
Sandisk stock: bull, base and bear
| Scenario | SNDK (pre-split) | Split-adjusted | What has to happen | Anchor |
|---|---|---|---|---|
| Bear | $869 | $108.69 | The Nvidia leadership story weighs on AI hardware again and Thursday’s low gives way. | Thursday’s $869.49 low; about 7.3 percent below $937.46. |
| Base | $900-$980 | $112.50-$122.50 | The stock holds between Thursday’s early levels and Wednesday’s close into the split. | Wednesday’s $977.69 close and Thursday’s $901.17 early print. |
| Bull | $1,037 | $129.68 | Nvidia’s 17 November results ease the leadership worry and memory names extend the rebound. | The 4 November close of $1,037.40, the last close before the 22 percent fall; about 10.7 percent above $937.46. |
The bear case sits below the current price. These are reference levels measured from Thursday’s close, not forecasts.
What to watch
- Today, 14:30 GMT: the US open, after the October producer price index at 13:30 GMT.
- 17 November: Nvidia’s results, its first report under interim CEO Kress.
- 19-20 November: new shares distributed after the close on the 19th; split-adjusted trading from the 20th.
- $869.49: Thursday’s low, the first level below.
Quick take: Sandisk closed at $937.46 on Thursday, down 4.11 percent on Nvidia’s CEO exit, after recovering from $869.49. That is about $117 a share after the 8-for-1 split, which starts trading on 20 November. Nvidia’s 17 November results are the next test. $869 is the downside reference, $1,037 the upside.
FAQ
What is Sandisk’s stock price today?
SNDK closed at $937.46 on Thursday 12 November, down 4.11 percent, according to StockAnalysis and MarketBeat. That equals about $117.18 on a split-adjusted basis.
When does the Sandisk stock split take effect?
The 8-for-1 split shares are distributed after the close on 19 November and the stock trades split-adjusted from Friday 20 November. The record date was 9 November.
What will Sandisk’s price be after the split?
One eighth of the pre-split price. At Thursday’s close that is about $117.18. The split does not change what a holding is worth.
Why did Sandisk stock drop on Thursday?
Nvidia announced that Jensen Huang had resigned as CEO, and investors cut exposure to AI hardware suppliers. Sandisk’s data-centre storage is sold alongside Nvidia’s GPUs.
What is the Sandisk price target?
JPMorgan has $2,250 ($281.25 after the split), Wells Fargo $1,300, RBC $1,400 and Melius $3,600. MarketBeat’s consensus is $2,056.23.
How far is Sandisk below its record?
About 60 percent. The record intraday high was $2,354.39 on 22 June 2026, according to StockAnalysis.
Sources: StockAnalysis and MarketBeat, 12 November 2026 (close, change, 52-week range); Gotrade and GuruFocus, 12-13 November 2026 (open, low, early move); Investing.com historical data (closes for 4, 5, 10 and 11 November); 24/7 Wall St. and The Motley Fool, 12 November 2026 (sector move, data-centre link); Benzinga and The Motley Fool, October-November 2026 (analyst targets); Sandisk 8-K and Yahoo Finance (split terms); Nvidia release, 12 November 2026 (leadership change).
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.