Sandisk (SNDK) Stock: $885 Saturday, the Week of the 8-for-1 Split, Bull $978, Bear $806

• Sandisk closed Friday at $885.01, down 5.59%, as Nvidia's CEO exit sparked a memory-stock sell-off • 8-for-1 split takes effect for trading on 20 November; $885 equals about $110.63 post-split • Nvidia's 17 November earnings are the key catalyst; bull case $978, bear case $806 Sandisk (SNDK) closed Friday at $885.01, down $52.45 (5.59%) from Thursday's $937.46, as the AI-chip sell-off triggered by Nvidia CEO Jensen Huang's resignation spread to memory makers. The stock traded between $848.50 and $939.53 during the session and slipped to around $865-$868 after hours, erasing most of Wednesday's rebound. Memory stocks were hit hardest in the sell-off: Sandisk fell more than 8% intraday, SK Hynix dropped about 5%, and Micron fell roughly 4.5% before closing down 2.5%. A Counterpoint Research estimate cited by Investing.com also showed Sandisk's global NAND flash market share slipped to 11% in Q2 2026 from 13% in Q1, adding company-specific pressure. Sandisk's 8-for-1 stock split takes effect for split-adjusted trading on Friday, 20 November. The record date was 9 November, with new shares distributed after the close on 19 November. At Friday's close, the split-adjusted price would be about $110.63. Analyst targets remain well above current levels: JPMorgan has an Overweight rating with a $2,250 target ($281.25 split-adjusted), while Wells Fargo ($1,300) and RBC ($1,400) are more cautious; consensus sits near $2,056. For the week ahead, the bear case is $806 (the 5 November low) if Nvidia's Tuesday earnings disappoint, the base case is $850-$940 if the stock holds its recent range, and the bull case is $978 if Nvidia's results ease leadership concerns. Nvidia reports third-quarter results Tuesday, 17 November — the first under interim CEO Colette Kress.