$Sandisk(SNDK.US) is not recommended to cut losses in a panic. You can consider "lying flat" and waiting, or even average down when the price is low to reduce the cost basis.

There are three practical reasons:

1. The negative news has been overly amplified, and institutions are seizing the opportunity to call for "bottom-fishing": Wall Street investment banks (such as Lynx Equity, Wells Fargo) generally believe that Google's algorithm is more about alleviating computing power bottlenecks and will not destroy long-term demand. Historical experience also proves that compression technology has never reduced hardware procurement. Some analysts even bluntly suggest buying on dips.

2. The fundamentals remain strong and have not deteriorated: The company still guides for up to $4.8 billion in revenue and a gross margin as high as 66% this quarter. The core logic of the AI super-cycle remains unchanged. This looks more like a "mispricing" caused by short-term panic sentiment.

3. There is technical support, you are not alone: Around $622 is today's strong support level. A 10-20% pullback after a previous sharp surge is very normal for tech stocks. Your cost price is within the recent high-volume consolidation area, indicating many people have a similar cost basis to yours.