🔴 Sandisk is trading 3.78% down in pre-market as memory stocks sell off on AI-spending concerns

Sandisk is trading at $1283.05, down 3.78%, as memory stocks sold off amid concerns about AI spending. - Sandisk reported fiscal Q1 2027 revenue of $11.03 billion and non-GAAP EPS of $49.51, both above estimates. - Q2 revenue and EPS guidance topped consensus; the company announced an 8-for-1 stock split. - A report noted Sandisk fell around 4.4% in after-hours trading despite beating estimates; the broader technology-market selloff added pressure.