SanDisk Surges 10% Following Post-Midterm Crash as Wall Street Debates Chip Demand - SanDisk (NASDAQ:SNDK)

Benzinga · Anusuya Lahiri · 2026-11-06 13:33 UTC

SanDisk stock rebounded about 10% in Friday premarket trading after a 22% plunge. Analysts debate whether the post-midterm memory selloff is a buying window.

SanDisk Corp. (NASDAQ:SNDK) stock rebounded about 10% in Friday premarket trading after plunging 22% Thursday, as investors reassessed whether the post-midterm selloff in AI-linked semiconductor and memory stocks had become overextended.

S&P 500 futures rose 0.4% before the bell, providing a firmer backdrop for high-beta chip names after Thursday’s broad market rout.

The selling followed a sharp rotation out of crowded AI and memory-stock positions after the U.S. midterm elections. Investors also weighed mixed read-throughs from Qualcomm and Arm Holdings, keeping attention on capacity constraints and the sustainability of semiconductor growth.

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