Down More Than 30% From Its Peak, Is Now the Perfect Time to Buy Sandisk Stock?

Sandisk stock has fallen over 30% from its all-time high despite being the S&P 500's best performer this year with ~550% gains. The article argues this is a buying opportunity as supply-demand imbalances in NAND memory chips continue to drive price increases. With Wall Street expecting 142% revenue growth for fiscal 2027 and the stock trading at only 7x forward earnings compared to 30x at year-end, the author suggests the stock could double or quadruple if valuations normalize.