Sandisk Stock Drops Amid OpenAI's Performance Concerns

Sandisk (SNDK) stock fell 4.7% following concerns over OpenAI's performance, despite earlier gains from a positive analyst report. Melius Research had previously upgraded Sandisk to a 'buy' with a $1,350 price target due to strong demand for memory chips in AI. However, news of OpenAI missing its user and revenue targets in 2025 has caused investor anxiety.

By Rich Smith · Motley Fool · April 28, 2026, 14:38 UTC

Tickers: $GOOG $SNDK

Topics: AI chip demand Melius Research OpenAI Sandisk stock price movement

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