Sandisk shares are sliding in Tuesday's premarket as memory pricing expectations clash with a risk-off tone, Nasdaq-100 futures down 2.7%.

Sandisk stock has soared since its spin off, and analysts at Bank of America believe that it has more upside to go in the near term.

SanDisk (SNDK) stock hits new 52-week high as BofA raises its price target to $2,100 amid a worsening global NAND flash shortage.

ETFs with large holdings in memory giant SNDK are poised to gain as NAND shortages, soaring data center demand, fuel the storage supercycle narrative.

Sandisk shares are sliding in Tuesday's premarket as memory pricing expectations clash with a risk-off tone, Nasdaq-100 futures down 2.7%.

SanDisk (SNDK) rebounds 3.13% premarket to $2,025. Key support holds at $1,820.90 after a 13.6% semiconductor selloff. Read more.