🔴 Sandisk is trading 14.38% down today as Kioxia forecasts nearly flat NAND price increases

Sandisk is trading 14.38% down at $1148.83 as investors react to concerns that NAND price increases may be slowing.

• The decline follows a strong earnings beat and raised outlook; Kioxia forecast nearly flat quarterly price increases.
• Broader AI-trade worries and weaker Intel guidance are also pressuring the sector.
• The move is consistent with reported memory-sector weakness; available evidence does not establish a separate Sandisk-specific negative catalyst.