Sandisk (SNDK) Stock: $885 Saturday, the Week of the…
By Tobi Opeyemi Amure
AI summary of the source article
Sandisk shares fell 5.59% to close at $885.01 following an AI chip sell-off triggered by Nvidia's leadership change. The decline comes ahead of an 8-for-1 stock split taking effect on 20 November.
Why it matters
"Investors worry that a leadership change at Nvidia could slow AI spending, and Sandisk's rally was built on that build-out."
Key facts
- Sandisk stock dropped 5.59% on Friday to close at $885.01.
- An 8-for-1 stock split will begin trading on a split-adjusted basis on 20 November 2026.
- Nvidia CEO Jensen Huang resigned on 12 November, sparking a sell-off across AI hardware and memory makers.
Source excerpt · FinanceFeeds
Updated 14 November 2026, 07:00 GMT. Sandisk (SNDK) closed Friday at $885.01 , down $52.45 or 5.59 percent, as the AI chip sell-off that followed Nvidia's CEO exit spread to memory stocks (Yahoo Finance, StockAnalysis). That is about $110.63 a share after the 8-for-1 split, which takes effect for trading on Friday 20 November. Verdict: the stock has given back most of Wednesday's rebound. Nvidia's…