SanDisk has taken investors on a wild ride in recent months.
For instance, SanDisk (SNDK) stock is up roughly 2,240% over the past 12 months, a return that turned a sleepy chipmaker into one of the most talked-about stocks on Wall Street
Then came the drop. The chip stock has fallen 45% from its all-time high, making investors nervous. So which is it?
Is SanDisk a bargain after the pullback, or is this a warning sign that the rally already went too far? Meanwhile, the company’s own executives have laid out a detailed case for why they believe the story is just getting started. What sparked SanDisk’s massive rally SanDisk manufactures NAND flash memory, which is used to store data in phones, laptops, and data center servers.