Sandisk Stocks Fall 7.2% as Chip Selloff Hits Days Before 8-for-1 Split

What happened

Sandisk shares fell 7.2% to $869.98 during Friday’s regular session on November 13, extending earlier losses as chip stocks sold off after Nvidia’s leadership change. The company reported sharply higher first-quarter revenue and gave a second-quarter outlook; its 8-for-1 stock split begins trading November 20.

Confirmed

Global impact / market context

The sharp decline came despite strong reported revenue and a high gross margin, showing that near-term share prices can respond to industry concerns as well as company results. If data center demand weakens, Sandisk could miss its outlook, affecting revenue and investor confidence.

Analyst inference

The article links the chip-sector selloff to Nvidia’s leadership change, while Sandisk’s split is scheduled for November 20. A stock split divides shares without changing the company’s total value; it may make individual shares less costly, but does not improve business performance.

Analyst inference

What to watch

1. Check whether second-quarter revenue falls within Sandisk’s $12.2 billion to $12.6 billion guidance, which would show whether recent growth is continuing. Analyst inference
2. Watch for the 8-for-1 split-adjusted trading to begin November 20; the split changes the share count and per-share price, not company value. Confirmed
3. Track data center revenue against the prior quarter’s $4.80 billion, since continued growth could help support Sandisk’s outlook amid chip-sector uncertainty. Analyst inference

Evidence

• gurufocus.com