Should You Buy Sandisk Stock Now or Wait for a Dip?

Sandisk stock has surged over 650% since the start of 2026 but is down 24% from its 52-week high. While trading at a cheap 8x forward earnings multiple compared to the S&P 500's 20x average, the valuation depends heavily on continued strong growth. Rising interest rates and potential slowdowns in AI-related tech spending pose risks, suggesting investors may want to wait for a deeper dip later in the year.