SanDisk is trading 14.1% down today at $8.75 amid an intensified memory-chip selloff driven by profit-taking and mounting worries over Chinese competition.
- The decline extends a slide from July 16, when shares fell 13.3% on news of a major CXMT IPO and fears of potential future oversupply.
- Broader semiconductor risk-off sentiment continues to weigh on the stock, overshadowing otherwise strong company fundamentals.