Sandisk is trading at $1313.24, down 3.68%, as reports link the broader memory-stock selloff to concerns that CXMT’s progress could intensify competition and weaken memory pricing.
- CXMT makes DRAM, while Sandisk focuses on NAND, making the concern indirect.
- Broader technology weakness and worries about inflation, interest rates, and AI-infrastructure financing are also adding pressure.
- No company-specific announcement was identified for October 16.