Bought SanDisk (SNDK) at $2,330. Did I mess up buying the top or is this just a healthy pullback?
Hey everyone, basically the title. I put $2,330 into SanDisk right at the peak earlier this week, and then the entire chip/memory sector took a massive dive today and yesterday.
I know the long-term outlook for AI data center storage and NAND has been super bullish (I saw Bernstein even put a $3,000 price target on it a few days ago), but seeing a 10-15%+ drop right after hitting buy is rough.
I’m down a pretty big percentage already. Did I just buy the absolute top and lose my money, or is the NAND/AI storage cycle strong enough that it'll recover? Should I cut my losses or hold through this selloff? First time dealing with a drop this fast. Thanks.
u/Unlikely-Money7937 — 3 days ago