SanDisk SNDK Stock Attempts a Reversal Ahead of Earnings After Testing $1,000 Support

SanDisk (SNDK) shares are attempting a recovery after testing the critical $1,000 support level, following a dramatic decline from over $2,350 a month ago. The rebound is supported by improving market sentiment, but concerns about Chinese competition, semiconductor weakness, and uncertainty over AI spending persist. Investors are keenly awaiting the upcoming Q4 and full-year 2026 earnings report, scheduled for August 5, 2026, which is expected to show significant year-over-year growth but will also be crucial in determining the stock's future direction and whether the current bounce is a genuine reversal or temporary.